5 Best Uranium Stocks to Buy Now

3. NexGen Energy Ltd. (NYSE: NXE)

Number of hedge fund holders: 13

NexGen Energy Ltd. (NYSE: NXE) is a Canada-based company founded in 2011 that is working on the exploration, development, and acquisition of uranium-related projects. It is ranked third on our list of 10 best uranium stocks to buy now. The stock has returned more than 222% to investors over the course of the past twelve months. One of the premier projects of the firm is the Rook I project that consists of 32 contiguous mineral claims over 35,065 hectares located in the Athabasca Basin of Saskatchewan region. 

In February, NexGen Energy Ltd. (NYSE: NXE) shares were down more than 6% post-market after the firm announced that a syndicate of underwriters led by BMO and Canaccord Genuity had agreed to buy 33.4 million NextGen shares at C$4.50 per share in a deal offering. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Falcon Edge Capital is a leading shareholder in NexGen Energy Ltd. (NYSE: NXE) with 6.2 million shares worth more than $22.7 million.