NexGen Energy $NXE Position Increased by Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd grew its stake in NexGen Energy (NYSE:NXE) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,078,245 shares of the company’s stock after acquiring an additional 828,245 shares during the quarter. NexGen Energy comprises approximately 2.6% of Hancock Prospecting Pty Ltd’s portfolio, making the stock its 5th biggest holding. Hancock Prospecting Pty Ltd owned approximately 1.37% of NexGen Energy worth $83,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its holdings in shares of NexGen Energy by 454.3% in 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 during the period. First Trust Advisors LP acquired a new stake in NexGen Energy during the 3rd quarter valued at approximately $94,000. Wright Wealth LLC acquired a new stake in NexGen Energy during the 4th quarter valued at approximately $97,000. Flow Traders U.S. LLC bought a new position in NexGen Energy during the 2nd quarter worth approximately $76,000. Finally, TABR Capital Management LLC bought a new position in NexGen Energy during the 4th quarter worth approximately $101,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXE has been the topic of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. UBS Group started coverage on NexGen Energy in a report on Thursday, March 5th. They issued a “buy” rating on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

NexGen Energy stock opened at $10.64 on Wednesday. The business’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $11.27. The firm has a market capitalization of $7.04 billion, a PE ratio of -21.70 and a beta of 1.35. NexGen Energy has a 52 week low of $6.26 and a 52 week high of $13.96.

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.