Renaissance Technologies LLC bought a new stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 614,200 shares of the company's stock, valued at approximately $4,054,000. Renaissance Technologies LLC owned about 0.11% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in NXE. PNC Financial Services Group Inc. lifted its stake in shares of NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Silver Lake Advisory LLC purchased a new stake in NexGen Energy during the 4th quarter valued at about $73,000. Matauro LLC bought a new stake in NexGen Energy during the 4th quarter valued at about $84,000. Sanctuary Advisors LLC purchased a new position in NexGen Energy in the third quarter worth about $98,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.
NexGen Energy Price Performance
Shares of NXE traded up $0.17 during midday trading on Thursday, hitting $5.11. The stock had a trading volume of 7,828,421 shares, compared to its average volume of 6,922,134. The stock's 50 day moving average is $4.87 and its 200 day moving average is $6.47. The firm has a market cap of $2.91 billion, a PE ratio of 34.07 and a beta of 2.02. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, NexGen Energy currently has an average rating of "Strong Buy".
View Our Latest Research Report on NXE
About NexGen Energy
(
Free Report)
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.
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