Mercer Global Advisors Inc. ADV Sells 57,393 Shares of NexGen Energy Ltd. (NYSE:NXE)

Mercer Global Advisors Inc. ADV reduced its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 74.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,079 shares of the company’s stock after selling 57,393 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in NexGen Energy were worth $133,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in NexGen Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after purchasing an additional 298,106 shares during the last quarter. Van ECK Associates Corp lifted its holdings in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in NexGen Energy by 222.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock valued at $41,882,000 after purchasing an additional 4,378,933 shares during the last quarter. Mirabella Financial Services LLP lifted its holdings in NexGen Energy by 12.3% during the 4th quarter. Mirabella Financial Services LLP now owns 3,342,960 shares of the company’s stock valued at $22,044,000 after purchasing an additional 365,390 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in NexGen Energy by 131.8% during the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company’s stock valued at $14,681,000 after purchasing an additional 1,264,655 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Down 2.9%

NXE opened at $5.46 on Friday. The stock has a market capitalization of $3.11 billion, a PE ratio of 36.37 and a beta of 1.50. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The firm has a 50-day moving average price of $4.91 and a two-hundred day moving average price of $6.21.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, research analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NXE shares. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Raymond James restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, NexGen Energy has a consensus rating of “Strong Buy”.

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.