PNC Financial Services Group Inc. Acquires 3,700 Shares of NexGen Energy Ltd. (NYSE:NXE)

PNC Financial Services Group Inc. increased its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 284.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the company’s stock after acquiring an additional 3,700 shares during the period. PNC Financial Services Group Inc.’s holdings in NexGen Energy were worth $33,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Azarias Capital Management L.P. lifted its holdings in shares of NexGen Energy by 15.3% during the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock valued at $13,455,000 after purchasing an additional 271,153 shares in the last quarter. Mountaineer Partners Management LLC raised its position in NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after buying an additional 3,107,214 shares during the last quarter. Toronto Dominion Bank raised its position in NexGen Energy by 719.6% in the 3rd quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock worth $1,176,000 after buying an additional 158,160 shares during the last quarter. Barclays PLC lifted its stake in NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock valued at $1,227,000 after acquiring an additional 143,996 shares during the period. Finally, Segra Capital Management LLC boosted its holdings in shares of NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

NXE has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus started coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

NexGen Energy Trading Down 2.3 %

Shares of NYSE NXE opened at $4.83 on Friday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 32.17 and a beta of 1.97. NexGen Energy Ltd. has a 12-month low of $4.44 and a 12-month high of $8.96. The firm’s 50-day moving average price is $5.77 and its 200-day moving average price is $6.71.

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.