NexGen Energy $NXE Stock Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its position in shares of NexGen Energy (NYSE:NXE) by 72.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,652 shares of the company’s stock after purchasing an additional 459,509 shares during the quarter. Generali Asset Management SPA SGR owned approximately 0.16% of NexGen Energy worth $9,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NXE. Leonteq Securities AG boosted its holdings in NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after buying an additional 1,098 shares in the last quarter. Guardian Partners Inc. grew its position in NexGen Energy by 43.3% during the third quarter. Guardian Partners Inc. now owns 4,300 shares of the company’s stock valued at $39,000 after buying an additional 1,300 shares during the period. Themes Management Co LLC grew its position in NexGen Energy by 6.7% during the first quarter. Themes Management Co LLC now owns 76,340 shares of the company’s stock valued at $886,000 after buying an additional 4,788 shares during the period. Trifecta Capital Advisors LLC acquired a new stake in NexGen Energy during the second quarter valued at $46,000. Finally, Wealthspire Retirement LLC increased its holdings in NexGen Energy by 32.3% in the first quarter. Wealthspire Retirement LLC now owns 20,500 shares of the company’s stock valued at $238,000 after buying an additional 5,000 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on NXE shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. JPMorgan Chase & Co. initiated coverage on shares of NexGen Energy in a research note on Monday, September 21st. They set an “overweight” rating and a $14.00 target price on the stock. Wall Street Zen upgraded NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday. Finally, Jefferies Financial Group began coverage on NexGen Energy in a research report on Thursday, September 3rd. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

NexGen Energy Stock Performance

NexGen Energy stock opened at $8.79 on Wednesday. NexGen Energy has a 12 month low of $7.33 and a 12 month high of $13.96. The business has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $10.78.

About NexGen Energy

NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on advancing projects in the Athabasca Basin of Saskatchewan, Canada. The company’s primary asset is the 100%-owned Rook I property, which hosts the Arrow uranium deposit and other discoveries.

NexGen’s main objective is to develop Rook I into a large-scale uranium mining and processing operation. The company conducts exploration, resource evaluation, engineering, environmental assessment and project permitting activities, rather than currently selling uranium or operating a producing mine.