Bank of New York Mellon Corp Has $12.39 Million Position in NexGen Energy Ltd. (NYSE:NXE)

Bank of New York Mellon Corp lifted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 954.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,876,558 shares of the company’s stock after buying an additional 1,698,649 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of NexGen Energy worth $12,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC increased its stake in shares of NexGen Energy by 122.7% during the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after purchasing an additional 5,827 shares during the period. Silver Lake Advisory LLC acquired a new stake in shares of NexGen Energy in the fourth quarter valued at approximately $73,000. SevenBridge Financial Group LLC bought a new stake in shares of NexGen Energy during the 3rd quarter valued at $87,000. Matauro LLC bought a new position in NexGen Energy in the 4th quarter valued at about $84,000. Finally, Sanctuary Advisors LLC acquired a new position in NexGen Energy during the third quarter valued at approximately $98,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the topic of a number of research analyst reports. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday. 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. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

NexGen Energy Stock Performance

NYSE NXE opened at $4.81 on Thursday. The stock has a market cap of $2.73 billion, a PE ratio of 32.04 and a beta of 1.97. NexGen Energy Ltd. has a fifty-two week low of $4.44 and a fifty-two week high of $8.96. The firm’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $6.79.

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.