Deutsche Bank AG Makes New Investment in NexGen Energy $NXE

Deutsche Bank AG purchased a new stake in NexGen Energy (NYSE:NXE) during the second quarter, HoldingsChannel.com reports. The fund purchased 4,078,863 shares of the company’s stock, valued at approximately $38,301,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. L1 Capital Pty Ltd increased its position in shares of NexGen Energy by 9.1% during the fourth quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock worth $309,145,000 after acquiring an additional 2,804,090 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after buying an additional 5,523,932 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NexGen Energy by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after buying an additional 3,304,071 shares in the last quarter. Millennium Management LLC raised its position in NexGen Energy by 97.8% in the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after buying an additional 5,011,890 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd lifted its stake in NexGen Energy by 10.0% in 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 in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NexGen Energy stock opened at $10.84 on Friday. The stock has a 50-day simple moving average of $9.80 and a 200 day simple moving average of $11.08. The stock has a market capitalization of $7.25 billion, a P/E ratio of -27.10 and a beta of 1.40. NexGen Energy has a 52 week low of $6.67 and a 52 week high of $13.96.

Analyst Ratings Changes

A number of research firms have weighed in on NXE. Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy presently has an average rating of “Hold”.

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.