Regal Partners Ltd Acquires New Position in NexGen Energy Ltd. (NYSE:NXE)

Regal Partners Ltd acquired a new stake in shares of NexGen Energy Ltd. (NYSE:NXE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 129,445 shares of the company’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXE. Azarias Capital Management L.P. increased its position in NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock valued at $13,455,000 after purchasing an additional 271,153 shares during the period. Barclays PLC increased its position in NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock valued at $1,227,000 after purchasing an additional 143,996 shares during the period. Van ECK Associates Corp increased its position in 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 during the period. Jennison Associates LLC purchased a new position in NexGen Energy during the 4th quarter valued at about $2,487,000. Finally, Vontobel Holding Ltd. increased its position in NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company’s stock valued at $375,000 after purchasing an additional 27,565 shares during the period. Institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

NXE has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of “Strong Buy”.

NexGen Energy Trading Down 0.6 %

NYSE NXE opened at $5.27 on Wednesday. The company has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $6.41. The stock has a market cap of $3.00 billion, a P/E ratio of 35.14 and a beta of 2.02. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96.

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.