Altshuler Shaham Ltd Invests $51,000 in NexGen Energy Ltd. (NYSE:NXE)

Altshuler Shaham Ltd purchased a new stake in NexGen Energy Ltd. (NYSE:NXE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,737 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors have also recently made changes to their positions in NXE. Marshall Wace LLP raised its position in NexGen Energy by 131.8% during the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company’s stock valued at $14,681,000 after purchasing an additional 1,264,655 shares during the period. NewEdge Advisors LLC raised its holdings in NexGen Energy by 14.2% during the 4th quarter. NewEdge Advisors LLC now owns 141,157 shares of the company’s stock valued at $932,000 after buying an additional 17,552 shares during the period. Mariner LLC bought a new stake in NexGen Energy in the fourth quarter worth $68,000. Titan Global Capital Management USA LLC boosted its stake in NexGen Energy by 8.2% during the fourth quarter. Titan Global Capital Management USA LLC now owns 694,279 shares of the company’s stock worth $4,582,000 after buying an additional 52,613 shares during the period. Finally, Raymond James Financial Inc. bought a new position in NexGen Energy during the fourth quarter valued at $3,728,000. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Raymond James reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, April 4th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a “buy” rating for the company. Three research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Strong Buy”.

NexGen Energy Trading Up 1.4 %

Shares of NXE stock opened at $4.74 on Friday. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The stock has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $6.52. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 31.57 and a beta of 2.02.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.