FY2024 EPS Estimates for NexGen Energy Boosted by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Research analysts at Ventum Cap Mkts upped their FY2024 EPS estimates for NexGen Energy in a research note issued to investors on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will post earnings of ($0.04) per share for the year, up from their prior forecast of ($0.09). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.09) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2025 earnings at ($0.09) EPS, FY2026 earnings at ($0.06) EPS and FY2027 earnings at ($0.14) EPS.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period in the previous year, the business posted ($0.04) earnings per share.

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

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $7.38 on Friday. The business has a fifty day simple moving average of $6.89 and a 200-day simple moving average of $6.87. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 48.80 and a beta of 1.90. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.88.

Institutional Trading of NexGen Energy

Several institutional investors and hedge funds have recently bought and sold shares of NXE. Larson Financial Group LLC purchased a new position in NexGen Energy during the 2nd quarter valued at about $33,000. DekaBank Deutsche Girozentrale purchased a new position in NexGen Energy during the third quarter valued at approximately $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy in the 3rd quarter valued at approximately $87,000. New Harbor Financial Group LLC lifted its position in NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after buying an additional 2,500 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in shares of NexGen Energy during the 2nd quarter valued at $110,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Company 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.