Van ECK Associates Corp Buys 8,459,150 Shares of NexGen Energy $NXE

Van ECK Associates Corp raised its stake in NexGen Energy (NYSE:NXE) by 26.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,859,017 shares of the company’s stock after buying an additional 8,459,150 shares during the period. Van ECK Associates Corp owned about 5.96% of NexGen Energy worth $374,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Leonteq Securities AG raised its stake in shares of NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after acquiring an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new stake in shares of NexGen Energy in the second quarter valued at approximately $46,000. SBI Securities Co. Ltd. grew its stake in NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after purchasing an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC bought a new position in NexGen Energy in the second quarter worth approximately $76,000. Finally, Jump Financial LLC purchased a new position in NexGen Energy during the 4th quarter worth $93,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

NexGen Energy Stock Performance

NYSE:NXE opened at $10.41 on Friday. The firm has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $11.05. NexGen Energy has a one year low of $7.33 and a one year high of $13.96. The firm has a market cap of $6.97 billion, a P/E ratio of -26.02 and a beta of 1.40.

NexGen Energy Profile

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.