FY2024 EPS Estimates for NexGen Energy Boosted by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at National Bank Financial lifted their FY2024 EPS estimates for NexGen Energy in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn ($0.04) per share for the year, up from their previous forecast of ($0.08). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS, FY2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.10) EPS.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $8.88 on Friday. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 59.20 and a beta of 1.90. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96. The company’s fifty day moving average is $7.22 and its two-hundred day moving average is $6.88.

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

Institutional Trading of NexGen Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC raised its holdings in shares of NexGen Energy by 2.3% during the first quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares during the period. New Harbor Financial Group LLC raised its holdings in shares of NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the period. Investment Management Corp of Ontario raised its holdings in shares of NexGen Energy by 14.6% during the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after purchasing an additional 3,200 shares during the period. Stanley Laman Group Ltd. increased its holdings in shares of NexGen Energy by 0.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock worth $3,351,000 after acquiring an additional 3,315 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock worth $153,000 after acquiring an additional 4,338 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.

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.