Raymond James Financial Services Advisors Inc. Acquires 36,922 Shares of NexGen Energy Ltd. (NYSE:NXE)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 51.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,097 shares of the company’s stock after purchasing an additional 36,922 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in NexGen Energy were worth $764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NexGen Energy by 12.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,761,298 shares of the company’s stock valued at $142,884,000 after purchasing an additional 2,612,540 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of NexGen Energy by 10.5% during the third quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock valued at $73,549,000 after purchasing an additional 1,168,795 shares in the last quarter. Invesco Ltd. increased its position in shares of NexGen Energy by 11.4% during the third quarter. Invesco Ltd. now owns 3,374,628 shares of the company’s stock valued at $20,147,000 after acquiring an additional 344,242 shares in the last quarter. FMR LLC increased its position in shares of NexGen Energy by 99,379.5% during the third quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after acquiring an additional 11,663,182 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of NexGen Energy by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,210,228 shares of the company’s stock valued at $7,229,000 after acquiring an additional 327,166 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE opened at $7.85 on Wednesday. The company has a market capitalization of $4.23 billion, a P/E ratio of 392.45 and a beta of 1.90. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $7.63 and a 200 day moving average of $6.95. NexGen Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $8.88.

NexGen Energy (NYSE:NXE) last issued its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Scotiabank initiated coverage on shares of NexGen Energy in a research report on Monday, April 1st. They set a “sector outperform” rating for the company.

NexGen Energy 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.