Russell Investments Group Ltd. Has $2.09 Million Holdings in NexGen Energy Ltd. (NYSE:NXE)

Russell Investments Group Ltd. reduced its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 55.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,242 shares of the company's stock after selling 392,469 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of NexGen Energy worth $2,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NXE. JPMorgan Chase & Co. lifted its holdings in NexGen Energy by 222.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after acquiring an additional 4,378,933 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexGen Energy by 79.7% during the 4th 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of NexGen Energy by 954.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock valued at $12,385,000 after purchasing an additional 1,698,649 shares during the period. Raymond James Financial Inc. bought a new stake in NexGen Energy during the 4th quarter worth approximately $3,728,000. Finally, Jennison Associates LLC acquired a new stake in NexGen Energy during the 4th quarter worth approximately $2,487,000. 42.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NXE shares. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus began coverage on NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating for the company. Three 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.com, the company currently has a consensus rating of "Strong Buy".

NexGen Energy Price Performance

NXE stock traded up $0.10 during midday trading on Thursday, hitting $5.04. The company's stock had a trading volume of 2,407,162 shares, compared to its average volume of 6,902,514. The company's fifty day moving average price is $4.87 and its 200 day moving average price is $6.47. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The stock has a market capitalization of $2.87 billion, a P/E ratio of 33.56 and a beta of 2.02.

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.