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

Van ECK Associates Corp increased its stake in shares of NexGen Energy (NYSE:NXE) by 26.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,859,017 shares of the company’s stock after purchasing an additional 8,459,150 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of NexGen Energy worth $374,256,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Leonteq Securities AG raised its holdings in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new stake in shares of NexGen Energy during the second quarter valued at about $46,000. SBI Securities Co. Ltd. boosted its holdings in shares of NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after buying an additional 6,528 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in shares of NexGen Energy in the 1st quarter valued at about $116,000. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of NexGen Energy in the 2nd quarter worth approximately $94,000. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

NexGen Energy Stock Performance

NexGen Energy stock opened at $10.41 on Friday. The stock has a 50-day moving average of $9.84 and a two-hundred day moving average of $11.05. NexGen Energy has a one year low of $7.33 and a one year high of $13.96. The stock has a market cap of $6.97 billion, a PE ratio of -26.02 and a beta of 1.40.

About NexGen Energy

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.