Goehring & Rozencwajg Associates LLC Purchases 76,684 Shares of NexGen Energy $NXE

Goehring & Rozencwajg Associates LLC boosted its position in NexGen Energy (NYSE:NXE) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,518,939 shares of the company’s stock after acquiring an additional 76,684 shares during the period. NexGen Energy accounts for 1.3% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 25th largest position. Goehring & Rozencwajg Associates LLC owned 0.23% of NexGen Energy worth $13,974,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NXE. Millennium Management LLC boosted its holdings in NexGen Energy by 15.3% in the first quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after acquiring an additional 543,179 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in NexGen Energy by 7.3% during the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock worth $680,000 after buying an additional 10,266 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock worth $13,412,000 after buying an additional 36,510 shares during the last quarter. Caxton Associates LLP bought a new position in NexGen Energy during the first quarter worth about $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock worth $3,166,000 after buying an additional 81,167 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. UBS Group initiated coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

NexGen Energy Trading Up 0.9%

Shares of NXE opened at $9.84 on Friday. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96. The stock has a market cap of $6.51 billion, a P/E ratio of -20.07 and a beta of 1.35. The stock’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.21.

NexGen Energy Profile

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.