National Bank of Canada FI Reduces Stake in NexGen Energy Ltd. (NYSE:NXE)

National Bank of Canada FI lessened its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 9.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 424,992 shares of the company’s stock after selling 44,901 shares during the period. National Bank of Canada FI’s holdings in NexGen Energy were worth $2,806,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its holdings in NexGen Energy by 9.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 97,305 shares of the company’s stock worth $641,000 after purchasing an additional 8,172 shares in the last quarter. Sava Infond d.o.o. purchased a new position in shares of NexGen Energy in the 4th quarter valued at $125,000. JPMorgan Chase & Co. raised its stake in NexGen Energy by 222.6% during the 4th 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. Vanguard Group Inc. lifted its position in NexGen Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after acquiring an additional 298,106 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in NexGen Energy in the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NXE. Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus started coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

NexGen Energy Stock Down 2.0 %

NYSE NXE opened at $4.10 on Tuesday. The firm has a market cap of $2.33 billion, a P/E ratio of 27.30 and a beta of 2.02. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The business’s 50-day moving average price is $5.41 and its 200 day moving average price is $6.67.

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.