NexGen Energy $NXE Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in NexGen Energy (NYSE:NXE) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,259,989 shares of the company’s stock after buying an additional 359,433 shares during the quarter. Bank of New York Mellon Corp’s holdings in NexGen Energy were worth $49,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXE. Goehring & Rozencwajg Associates LLC boosted its holdings in NexGen Energy by 19.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,810,943 shares of the company’s stock worth $21,007,000 after acquiring an additional 292,004 shares during the period. Chicago Partners Investment Group LLC grew its stake in NexGen Energy by 37.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 245,386 shares of the company’s stock valued at $2,846,000 after purchasing an additional 66,981 shares in the last quarter. Leonteq Securities AG increased its holdings in NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares during the last quarter. Tcfg Wealth Management LLC purchased a new stake in NexGen Energy during the 1st quarter worth approximately $116,000. Finally, Pictet Asset Management Holding SA raised its position in shares of NexGen Energy by 16.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 128,751 shares of the company’s stock valued at $1,489,000 after purchasing an additional 18,128 shares in the last quarter. 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 recent analyst reports. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reaffirmed 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $9.14 on Friday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of -18.66 and a beta of 1.39. The company has a 50 day moving average price of $10.09 and a 200 day moving average price of $11.33. NexGen Energy has a 1-year low of $6.26 and a 1-year high of $13.96.

About NexGen Energy

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.