Weiss Asset Management LP Purchases New Shares in NexGen Energy $NXE

Weiss Asset Management LP purchased a new position in NexGen Energy (NYSE:NXE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,120 shares of the company’s stock, valued at approximately $941,000.

Other institutional investors have also added to or reduced their stakes in the company. L1 Capital Pty Ltd boosted its holdings in shares of NexGen Energy by 9.1% during the 4th quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock valued at $309,145,000 after buying an additional 2,804,090 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of NexGen Energy by 23.4% in the 4th quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after acquiring an additional 5,523,932 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of NexGen Energy by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after acquiring an additional 3,304,071 shares in the last quarter. Millennium Management LLC lifted its position in NexGen Energy by 97.8% during the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after acquiring an additional 5,011,890 shares during the period. Finally, Hancock Prospecting Pty Ltd lifted its position in NexGen Energy by 10.0% during the 4th quarter. Hancock Prospecting Pty Ltd now owns 9,078,245 shares of the company’s stock valued at $83,656,000 after acquiring an additional 828,245 shares during the period. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

NXE has been the topic of several research reports. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

NexGen Energy Trading Up 1.6%

NYSE NXE opened at $9.29 on Tuesday. NexGen Energy has a 12 month low of $6.26 and a 12 month high of $13.96. The stock has a market cap of $6.21 billion, a P/E ratio of -18.95 and a beta of 1.39. The stock’s fifty day moving average price is $10.05 and its 200-day moving average price is $11.33.

NexGen Energy Company 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.