5 Best Uranium Stocks To Buy

4. NexGen Energy Ltd. (NYSE:NXE)

Number of Hedge Fund Holders: 15    

NexGen Energy Ltd. (NYSE:NXE) is an exploration and development stage company that engages in the acquisition, exploration, evaluation and development of uranium properties in Canada. On November 16, IsoEnergy, a subsidiary of NexGen Energy, agreed on a funding package of CAD$15.3 million. It consists of non-brokered private placement shares of CAD 5.3 million. On December 1, NexGen Energy reported that it has received the technical and the public comments on the Rook I draft environmental impact statement. The proposed Rook 1 underground mine and mill 40 km east of the Alberta-Saskatchewan border is 100%-owned by NexGen.

At the end of the third quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $63.8 million in NexGen Energy Ltd. (NYSE:NXE), compared to 13 in the previous quarter worth $64.9 million.

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Waratah Capital Advisors is a leading shareholder in NexGen Energy Ltd. (NYSE:NXE) with 3.7 million shares worth more than $13.5 million.