Hancock Prospecting Pty Ltd Buys 828,245 Shares of NexGen Energy $NXE

Hancock Prospecting Pty Ltd grew its stake in NexGen Energy (NYSE:NXE) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,078,245 shares of the company’s stock after buying an additional 828,245 shares during the period. NexGen Energy makes up about 2.6% of Hancock Prospecting Pty Ltd’s holdings, making the stock its 5th biggest holding. Hancock Prospecting Pty Ltd’s holdings in NexGen Energy were worth $83,656,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased 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 worth $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 third quarter worth approximately $94,000. Wright Wealth LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $97,000. Flow Traders U.S. LLC acquired a new stake in NexGen Energy during the second quarter worth approximately $76,000. Finally, TABR Capital Management LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $101,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 0.9%

NXE stock opened at $10.64 on Wednesday. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of -21.70 and a beta of 1.35. NexGen Energy has a 12-month low of $6.26 and a 12-month high of $13.96. The company’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $11.27.

Analyst Ratings Changes

Several brokerages have recently commented on NXE. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. UBS Group began coverage on shares of NexGen Energy in a research note on Thursday, March 5th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four equities 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.com, NexGen Energy currently has an average rating of “Moderate Buy”.

NexGen Energy Profile

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.