Hsbc Holdings PLC Boosts Holdings in NexGen Energy Ltd. (NYSE:NXE)

Hsbc Holdings PLC boosted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,729 shares of the company’s stock after acquiring an additional 3,473 shares during the period. Hsbc Holdings PLC’s holdings in NexGen Energy were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NXE. Azarias Capital Management L.P. increased its stake in shares of NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after purchasing an additional 271,153 shares in the last quarter. Barclays PLC grew its holdings in NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock valued at $1,227,000 after buying an additional 143,996 shares during the last quarter. Van ECK Associates Corp increased its position in NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after buying an additional 3,762,756 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of NexGen Energy in the fourth quarter worth $2,487,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of NexGen Energy by 94.0% in the fourth quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company’s stock worth $375,000 after acquiring an additional 27,565 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NXE shares. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Stock Up 3.1%

Shares of NexGen Energy stock opened at $5.72 on Monday. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The business’s fifty day moving average is $4.83 and its two-hundred day moving average is $6.27. The firm has a market cap of $3.26 billion, a PE ratio of 38.14 and a beta of 1.50.

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.