Van ECK Associates Corp Buys 3,762,756 Shares of NexGen Energy Ltd. (NYSE:NXE)

Van ECK Associates Corp lifted its stake in NexGen Energy Ltd. (NYSE:NXE) by 79.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,481,026 shares of the company’s stock after acquiring an additional 3,762,756 shares during the period. Van ECK Associates Corp’s holdings in NexGen Energy were worth $55,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NXE. Larson Financial Group LLC raised its stake in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC bought a new position in shares of NexGen Energy in the 4th quarter valued at approximately $73,000. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy in the 3rd quarter valued at approximately $76,000. SevenBridge Financial Group LLC bought a new position in shares of NexGen Energy in the 3rd quarter valued at approximately $87,000. Finally, New Harbor Financial Group LLC raised its stake in shares of NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after acquiring an additional 2,500 shares in the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Up 0.5 %

Shares of NYSE NXE opened at $6.48 on Friday. The business’s 50 day moving average is $7.01 and its two-hundred day moving average is $6.87. The company has a market cap of $3.68 billion, a P/E ratio of 43.17 and a beta of 1.94. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.96.

NexGen Energy 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.