NexGen Energy Ltd. (NYSE:NXE) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in NexGen Energy Ltd. (NYSE:NXE) by 792.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,115,250 shares of the company’s stock after buying an additional 6,317,538 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NexGen Energy were worth $46,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of NexGen Energy in the third quarter valued at $6,585,000. CIBC Asset Management Inc grew its stake in shares of NexGen Energy by 13.4% in the third quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock valued at $6,043,000 after buying an additional 109,754 shares in the last quarter. Rye Brook Capital LLC grew its stake in shares of NexGen Energy by 18.7% in the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock valued at $4,538,000 after buying an additional 109,500 shares in the last quarter. Millennium Management LLC grew its stake in shares of NexGen Energy by 109.6% in the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after buying an additional 858,471 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in NexGen Energy by 5,020.5% during the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after purchasing an additional 15,905,444 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd.

NexGen Energy Price Performance

NXE opened at $8.31 on Friday. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.96. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 55.40 and a beta of 1.90. The business has a fifty day moving average price of $7.42 and a 200 day moving average price of $6.89.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the previous year, the business earned ($0.04) earnings per share. On average, research analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

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.