BW Gestao de Investimentos Ltda. Makes New Investment in NexGen Energy $NXE

BW Gestao de Investimentos Ltda. acquired a new position in shares of NexGen Energy (NYSE:NXE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 677,146 shares of the company’s stock, valued at approximately $6,230,000. BW Gestao de Investimentos Ltda. owned about 0.10% of NexGen Energy as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in NexGen Energy during the fourth quarter worth approximately $72,303,000. Northwestern Mutual Wealth Management Co. acquired a new stake in NexGen Energy during the fourth quarter worth approximately $494,000. Geode Capital Management LLC raised its position in shares of NexGen Energy by 32.8% in the fourth quarter. Geode Capital Management LLC now owns 422,432 shares of the company’s stock valued at $3,975,000 after buying an additional 104,384 shares in the last quarter. MMCAP International Inc. SPC raised its position in shares of NexGen Energy by 4,759.1% in the fourth quarter. MMCAP International Inc. SPC now owns 2,429,898 shares of the company’s stock valued at $22,355,000 after buying an additional 2,379,891 shares in the last quarter. Finally, Themes Management Co LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at approximately $658,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXE has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

NexGen Energy Price Performance

Shares of NXE opened at $12.41 on Wednesday. NexGen Energy has a one year low of $6.18 and a one year high of $13.96. The company has a market cap of $8.21 billion, a P/E ratio of -25.33 and a beta of 1.35. The firm has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $11.08.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, analysts expect that NexGen Energy will post -0.22 earnings per share for the current fiscal year.

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.