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

Temasek Holdings Private Ltd purchased a new position in shares of NexGen Energy (NYSE:NXE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,240,208 shares of the company’s stock, valued at approximately $11,410,000. Temasek Holdings Private Ltd owned about 0.19% of NexGen Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in NexGen Energy by 454.3% in 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 during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of NexGen Energy during the 2nd quarter worth $76,000. First Trust Advisors LP purchased a new stake in shares of NexGen Energy during the 3rd quarter worth $94,000. Wright Wealth LLC purchased a new stake in shares of NexGen Energy during the 4th quarter worth $97,000. Finally, TABR Capital Management LLC acquired a new stake in NexGen Energy during the 4th quarter worth $101,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Up 7.1%

Shares of NXE opened at $10.55 on Tuesday. The firm’s 50-day moving average is $11.55 and its two-hundred day moving average is $11.25. NexGen Energy has a twelve month low of $6.26 and a twelve month high of $13.96. The firm has a market capitalization of $6.99 billion, a P/E ratio of -21.54 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. UBS Group assumed coverage on shares of NexGen Energy in a research note on Thursday, March 5th. They issued a “buy” rating on the stock. Finally, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to 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.