Mackenzie Financial Corp Acquires 76,568 Shares of NexGen Energy Ltd. (NYSE:NXE)

Mackenzie Financial Corp lifted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 39.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,159 shares of the company’s stock after acquiring an additional 76,568 shares during the quarter. Mackenzie Financial Corp owned approximately 0.05% of NexGen Energy worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of NexGen Energy by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock valued at $179,307,000 after acquiring an additional 1,744,062 shares in the last quarter. L1 Capital Pty Ltd grew its stake in NexGen Energy by 31.3% in the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock worth $130,246,000 after purchasing an additional 5,195,210 shares during the period. Alps Advisors Inc. grew its stake in NexGen Energy by 10.5% in the third quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock worth $73,549,000 after purchasing an additional 1,168,795 shares during the period. FMR LLC grew its stake in NexGen Energy by 99,379.5% in the third quarter. FMR LLC now owns 11,674,918 shares of the company’s stock worth $69,882,000 after purchasing an additional 11,663,182 shares during the period. Finally, Invesco Ltd. grew its stake in NexGen Energy by 11.4% in the third quarter. Invesco Ltd. now owns 3,374,628 shares of the company’s stock worth $20,147,000 after purchasing an additional 344,242 shares during the period. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE stock opened at $7.82 on Wednesday. NexGen Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $8.88. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 390.95 and a beta of 1.90. The business’s fifty day moving average is $7.63 and its 200 day moving average is $7.02. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXE) last released its earnings results on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Research analysts expect that NexGen Energy Ltd. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Scotiabank began coverage on NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating on the stock.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.