Raymond James Financial Inc. Makes New $3.73 Million Investment in NexGen Energy Ltd. (NYSE:NXE)

Raymond James Financial Inc. acquired a new position in NexGen Energy Ltd. (NYSE:NXE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 564,838 shares of the company's stock, valued at approximately $3,728,000. Raymond James Financial Inc. owned about 0.10% of NexGen Energy at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Segra Capital Management LLC lifted its stake in shares of NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock worth $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock worth $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. Mountaineer Partners Management LLC grew its holdings in shares of NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC lifted its holdings in NexGen Energy by 18.0% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company's stock valued at $19,738,000 after buying an additional 461,185 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

Wall Street Analyst Weigh In

NXE has been the topic of a number of research analyst reports. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Strong Buy".

NexGen Energy Stock Down 5.9 %

Shares of NYSE NXE traded down $0.29 during mid-day trading on Friday, reaching $4.54. 8,881,793 shares of the company were exchanged, compared to its average volume of 6,576,663. NexGen Energy Ltd. has a 1 year low of $4.44 and a 1 year high of $8.96. The firm has a 50-day moving average of $5.72 and a 200 day moving average of $6.72. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.24 and a beta of 1.97.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.