NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its position in NexGen Energy Ltd. (NYSE:NXE) by 37.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,875,574 shares of the company’s stock after selling 1,139,743 shares during the quarter. Bridgewater Associates LP’s holdings in NexGen Energy were worth $12,379,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after acquiring an additional 3,700 shares in the last quarter. Mariner LLC acquired a new position in NexGen Energy in the 4th quarter valued at $68,000. Silver Lake Advisory LLC purchased a new position in NexGen Energy in the 4th quarter valued at $73,000. Matauro LLC acquired a new stake in NexGen Energy during the 4th quarter worth $84,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of NexGen Energy during the third quarter worth $98,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXE has been the topic of several research reports. Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

NexGen Energy Trading Up 3.1 %

NexGen Energy stock opened at $4.68 on Thursday. The stock has a market cap of $2.66 billion, a P/E ratio of 31.20 and a beta of 2.02. The company has a 50-day moving average price of $5.03 and a 200 day moving average price of $6.53. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96.

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.