Temasek Holdings Private Ltd Invests $11.41 Million in NexGen Energy $NXE

Temasek Holdings Private Ltd acquired a new position in NexGen Energy (NYSE:NXE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,240,208 shares of the company’s stock, valued at approximately $11,410,000.

Several other large investors also recently made changes to their positions in NXE. SBI Securities Co. Ltd. grew its holdings in NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after purchasing an additional 6,528 shares in the last quarter. First Trust Advisors LP acquired a new stake in NexGen Energy during the 3rd quarter valued at $94,000. Wright Wealth LLC acquired a new stake in NexGen Energy during the 4th quarter valued at $97,000. Flow Traders U.S. LLC acquired a new stake in NexGen Energy during the 2nd quarter valued at $76,000. Finally, TABR Capital Management LLC acquired a new stake in NexGen Energy during the 4th quarter valued at $101,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NYSE NXE opened at $10.55 on Tuesday. NexGen Energy has a one year low of $6.26 and a one year high of $13.96. The company has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $11.25. The firm has a market capitalization of $6.99 billion, a PE ratio of -21.54 and a beta of 1.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXE shares. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Finally, UBS Group started coverage on shares of NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of “Moderate Buy”.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.