Temasek Holdings Private Ltd Buys 1,196,263 Shares of NexGen Energy $NXE

Temasek Holdings Private Ltd lifted its stake in shares of NexGen Energy (NYSE:NXE) by 96.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,436,471 shares of the company’s stock after buying an additional 1,196,263 shares during the period. Temasek Holdings Private Ltd’s holdings in NexGen Energy were worth $28,263,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NXE. Millennium Management LLC grew its position in NexGen Energy by 15.3% during the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock worth $18,407,000 after acquiring an additional 543,179 shares during the last quarter. NewEdge Advisors LLC increased its holdings in NexGen Energy by 7.3% in the 1st quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock worth $680,000 after purchasing an additional 10,266 shares in the last quarter. Goldman Sachs Group Inc. raised its position in NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock valued at $13,412,000 after purchasing an additional 36,510 shares during the last quarter. Caxton Associates LLP bought a new position in NexGen Energy in the first quarter valued at about $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock valued at $3,166,000 after purchasing an additional 81,167 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NXE. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NexGen Energy has an average rating of “Moderate Buy”.

NexGen Energy Stock Up 5.0%

Shares of NexGen Energy stock opened at $9.16 on Wednesday. NexGen Energy has a twelve month low of $6.26 and a twelve month high of $13.96. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of -18.70 and a beta of 1.39. The company’s fifty day moving average is $10.23 and its 200 day moving average is $11.35.

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.