NexGen Energy (NXE) Set to Announce Earnings on Friday

NexGen Energy (NYSE:NXE) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect NexGen Energy to post earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, analysts expect NexGen Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NexGen Energy Trading Down 0.4 %

Shares of NXE stock opened at $7.08 on Thursday. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.88. The firm’s 50 day moving average is $6.69 and its 200-day moving average is $6.88. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 708.00 and a beta of 1.90.

Wall Street Analyst Weigh In

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

About NexGen Energy

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.