Avalon Capital Management Acquires Shares of 50,498 NexGen Energy Ltd. (NYSE:NXE)

Avalon Capital Management purchased a new stake in shares of NexGen Energy Ltd. (NYSE:NXEFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,498 shares of the company’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC grew its stake in NexGen Energy by 99,379.5% in the 3rd quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after purchasing an additional 11,663,182 shares during the period. L1 Capital Pty Ltd increased its holdings in NexGen Energy by 31.3% during the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock worth $130,246,000 after buying an additional 5,195,210 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in NexGen Energy by 20,783.5% in the first quarter. Bank of New York Mellon Corp now owns 3,217,515 shares of the company’s stock valued at $18,211,000 after acquiring an additional 3,202,108 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of NexGen Energy by 12.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,761,298 shares of the company’s stock valued at $142,884,000 after acquiring an additional 2,612,540 shares during the period. Finally, Lingotto Investment Management LLP increased its stake in shares of NexGen Energy by 289.3% during the 2nd quarter. Lingotto Investment Management LLP now owns 2,958,763 shares of the company’s stock worth $13,965,000 after purchasing an additional 2,198,763 shares during the last quarter. 29.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on NexGen Energy from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th.

Check Out Our Latest Report on NexGen Energy

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $7.74 on Friday. The firm has a market capitalization of $4.17 billion, a PE ratio of 387.19 and a beta of 1.89. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $6.49. NexGen Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $8.31.

NexGen Energy Company Profile

(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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

Further Reading

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Institutional Ownership by Quarter for NexGen Energy (NYSE:NXE)

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