Bank of Montreal Can Acquires 227,159 Shares of NexGen Energy Ltd. (NYSE:NXE)

Bank of Montreal Can boosted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,034,350 shares of the company’s stock after acquiring an additional 227,159 shares during the quarter. Bank of Montreal Can’s holdings in NexGen Energy were worth $13,399,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NXE. PNC Financial Services Group Inc. lifted its position in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after purchasing an additional 3,700 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in NexGen Energy in the 4th quarter worth about $73,000. Matauro LLC bought a new stake in NexGen Energy during the 4th quarter valued at about $84,000. Sanctuary Advisors LLC bought a new stake in NexGen Energy during the 3rd quarter valued at about $98,000. Finally, Janney Montgomery Scott LLC boosted its position in NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares during the period. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NYSE NXE opened at $4.65 on Friday. The company has a market cap of $2.64 billion, a PE ratio of 30.97 and a beta of 2.02. The firm’s 50 day moving average price is $5.15 and its 200-day moving average price is $6.58. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Raymond James restated an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

NexGen Energy Company Profile

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.