NexGen Energy Ltd. (NYSE:NXE) Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,436,513 shares of the company's stock after acquiring an additional 298,106 shares during the period. Vanguard Group Inc. owned about 3.59% of NexGen Energy worth $134,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after purchasing an additional 1,500 shares in the last quarter. Investment Management Corp of Ontario grew its stake in shares of NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company's stock valued at $164,000 after buying an additional 3,200 shares in the last quarter. Tcfg Wealth Management LLC grew its stake in shares of NexGen Energy by 6.3% in the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock valued at $412,000 after buying an additional 3,700 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after buying an additional 3,700 shares during the period. Finally, Rye Brook Capital LLC lifted its position in NexGen Energy by 0.9% during the 4th quarter. Rye Brook Capital LLC now owns 701,000 shares of the company's stock worth $4,627,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy".

NexGen Energy Price Performance

NXE traded up $0.24 during trading on Friday, hitting $4.65. The company had a trading volume of 10,893,984 shares, compared to its average volume of 6,822,861. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The company has a market cap of $2.64 billion, a PE ratio of 30.97 and a beta of 2.02. The business has a 50-day moving average of $5.15 and a 200-day moving average of $6.58.

About NexGen Energy

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.