Cloverfields Capital Group LP Buys Shares of 70,902 NexGen Energy $NXE

Cloverfields Capital Group LP bought a new stake in NexGen Energy (NYSE:NXE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,902 shares of the company’s stock, valued at approximately $822,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NexGen Energy in the fourth quarter worth about $72,303,000. CIBC Asset Management Inc boosted its holdings in shares of NexGen Energy by 341.9% in the fourth quarter. CIBC Asset Management Inc now owns 8,821,855 shares of the company’s stock valued at $81,312,000 after buying an additional 6,825,731 shares during the period. Van ECK Associates Corp boosted its holdings in shares of NexGen Energy by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock valued at $268,240,000 after buying an additional 5,523,932 shares during the period. Millennium Management LLC increased its position in shares of NexGen Energy by 97.8% during the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after acquiring an additional 5,011,890 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of NexGen Energy by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after acquiring an additional 3,304,071 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $9.37 on Friday. NexGen Energy has a 52-week low of $6.26 and a 52-week high of $13.96. The company has a market capitalization of $6.27 billion, a P/E ratio of -19.13 and a beta of 1.39. The company has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $11.35.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four 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. According to data from MarketBeat.com, the stock 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.