Ventum Cap Mkts Predicts Stronger Earnings for NexGen Energy

NexGen Energy Ltd. (TSE:NXE) – Analysts at Ventum Cap Mkts boosted their FY2024 earnings estimates for shares of NexGen Energy in a report issued on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will earn ($0.06) per share for the year, up from their previous estimate of ($0.12). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2025 earnings at ($0.12) EPS, FY2026 earnings at ($0.08) EPS and FY2027 earnings at ($0.19) EPS.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same period in the previous year, the business posted ($0.03) EPS.

NXE has been the subject of several other research reports. Ventum Financial raised their target price on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Cormark dropped their target price on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. National Bankshares raised their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Raymond James decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy” and a consensus price target of C$13.38.

NexGen Energy Stock Up 0.2 %

NXE stock opened at C$10.41 on Friday. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.14. The stock has a market capitalization of C$5.88 billion, a PE ratio of 63.24 and a beta of 1.76. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The company has a fifty day moving average of C$9.36 and a 200-day moving average of C$9.47.

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.