TD Asset Management Inc Sells 142,209 Shares of NexGen Energy $NXE

TD Asset Management Inc decreased its holdings in shares of NexGen Energy (NYSE:NXE) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,184,421 shares of the company’s stock after selling 142,209 shares during the quarter. TD Asset Management Inc owned approximately 0.48% of NexGen Energy worth $29,341,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. New Harbor Financial Group LLC lifted its holdings in NexGen Energy by 4.3% during the 4th quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock valued at $225,000 after purchasing an additional 1,000 shares during the last quarter. Legacy Capital Group California Inc. lifted its holdings in NexGen Energy by 1.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock valued at $794,000 after purchasing an additional 1,093 shares during the last quarter. Tidal Investments LLC lifted its holdings in NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after purchasing an additional 1,817 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after purchasing an additional 1,904 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in NexGen Energy by 4.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. UBS Group assumed coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $10.29 on Friday. The firm has a 50-day moving average of $11.72 and a 200-day moving average of $11.15. The stock has a market cap of $6.81 billion, a PE ratio of -20.99 and a beta of 1.35. NexGen Energy has a 52-week low of $6.20 and a 52-week high of $13.96.

NexGen Energy Company 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.