Bridgewater Associates LP Has $19.69 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Bridgewater Associates LP lessened its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,015,317 shares of the company’s stock after selling 367,353 shares during the quarter. Bridgewater Associates LP owned about 0.53% of NexGen Energy worth $19,690,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of NexGen Energy by 5,020.5% during the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after acquiring an additional 15,905,444 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after buying an additional 6,317,538 shares during the period. Van ECK Associates Corp lifted its stake in NexGen Energy by 50.5% in the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after buying an additional 1,582,705 shares during the period. Mackenzie Financial Corp grew its position in shares of NexGen Energy by 411.2% during the 2nd quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock worth $10,675,000 after buying an additional 1,231,144 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy in the 3rd quarter valued at about $6,585,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 0.1 %

NYSE:NXE opened at $8.31 on Thursday. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.96. The stock has a 50-day moving average price of $7.37 and a two-hundred day moving average price of $6.88. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 55.37 and a beta of 1.90.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the business posted ($0.04) earnings per share. Sell-side analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy presently has a consensus rating of “Strong Buy” and an average price target of $11.00.

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 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.