NexGen Energy Ltd. (NYSE:NXE) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,611 shares of the company’s stock after purchasing an additional 2,648 shares during the period. Cetera Investment Advisers’ holdings in NexGen Energy were worth $690,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NXE. PNC Financial Services Group Inc. boosted its position in NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd acquired a new stake in NexGen Energy in the fourth quarter worth $51,000. Mariner LLC bought a new stake in NexGen Energy during the 4th quarter valued at $68,000. Aptus Capital Advisors LLC acquired a new position in shares of NexGen Energy during the fourth quarter valued at approximately $79,000. Finally, Matauro LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 15.1%

Shares of NXE opened at $6.26 on Monday. The firm has a market capitalization of $3.57 billion, a PE ratio of 41.74 and a beta of 1.50. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The stock’s fifty day simple moving average is $4.99 and its 200-day simple moving average is $6.15.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analyst Ratings Changes

NXE has been the subject of a number of research analyst reports. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

About NexGen Energy

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.