NexGen Energy $NXE Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NexGen Energy (NYSE:NXE) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,608,861 shares of the company’s stock after purchasing an additional 1,189,516 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 4.68% of NexGen Energy worth $274,103,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. L1 Capital Pty Ltd grew its holdings in NexGen Energy by 10.3% during the second quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company’s stock worth $234,683,000 after acquiring an additional 3,171,558 shares during the period. Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 28.9% during the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock valued at $211,517,000 after acquiring an additional 5,305,263 shares in the last quarter. Vanguard Group Inc. increased its holdings in NexGen Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock worth $191,180,000 after buying an additional 430,005 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in NexGen Energy by 18.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock valued at $63,918,000 after buying an additional 1,407,000 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of NexGen Energy by 40.0% in the third quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock valued at $77,736,000 after purchasing an additional 2,481,013 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Trading Down 3.0%

Shares of NXE opened at $11.74 on Tuesday. The company’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $9.92. The company has a market cap of $7.75 billion, a price-to-earnings ratio of -30.88 and a beta of 1.41. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $13.96.

NexGen Energy (NYSE:NXE) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, research analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NXE. UBS Group started coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Finally, Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock 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.