Eagle Global Advisors LLC Makes New $257,000 Investment in NexGen Energy Ltd. (NYSE:NXE)

Eagle Global Advisors LLC bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 38,900 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXE. JPMorgan Chase & Co. boosted its position in NexGen Energy by 222.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock worth $41,882,000 after purchasing an additional 4,378,933 shares during the period. Van ECK Associates Corp boosted its holdings in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after buying an additional 3,762,756 shares during the period. Bank of New York Mellon Corp grew its stake in NexGen Energy by 954.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock valued at $12,385,000 after buying an additional 1,698,649 shares during the last quarter. Marshall Wace LLP raised its holdings in NexGen Energy by 131.8% in the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company’s stock valued at $14,681,000 after acquiring an additional 1,264,655 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $4,054,000. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NXE. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $5.62 on Thursday. The business has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $6.32. The stock has a market capitalization of $3.20 billion, a PE ratio of 37.44 and a beta of 1.50. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96.

NexGen Energy Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.