Goehring & Rozencwajg Associates LLC Has $21.01 Million Position in NexGen Energy $NXE

Goehring & Rozencwajg Associates LLC grew its holdings in NexGen Energy (NYSE:NXE) by 19.2% during the first quarter, Holdings Channel reports. The firm owned 1,810,943 shares of the company’s stock after acquiring an additional 292,004 shares during the quarter. NexGen Energy comprises about 1.1% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 28th largest position. Goehring & Rozencwajg Associates LLC’s holdings in NexGen Energy were worth $21,007,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Leonteq Securities AG increased its holdings in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $76,000. Jump Financial LLC bought a new stake in shares of NexGen Energy in the 4th quarter valued at $93,000. Finally, First Trust Advisors LP bought a new stake in shares of NexGen Energy in the 3rd quarter valued at $94,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Down 1.0%

NYSE NXE opened at $9.26 on Thursday. NexGen Energy has a 52 week low of $6.26 and a 52 week high of $13.96. The business has a 50 day moving average price of $10.51 and a 200-day moving average price of $11.36. The company has a market cap of $6.20 billion, a price-to-earnings ratio of -18.90 and a beta of 1.39.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NXE. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NexGen Energy has an average 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.