FY2024 EPS Forecast for NexGen Energy Lifted by Analyst

NexGen Energy Ltd. (TSE:NXE) – Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of NexGen Energy in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of ($0.06) per share for the year, up from their previous estimate of ($0.11). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.14) EPS and FY2027 earnings at ($0.14) EPS.

NexGen Energy (TSE:NXE) last posted 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 last year, the business earned ($0.03) EPS.

Several other equities analysts also recently weighed in on NXE. Ventum Financial raised their target price on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Cormark raised their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. TD Securities dropped their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Scotiabank raised their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. Finally, Raymond James raised their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Stock Performance

TSE:NXE opened at C$12.42 on Friday. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.51. The stock has a market cap of C$7.01 billion, a PE ratio of 71.76 and a beta of 1.76. The firm’s fifty day simple moving average is C$9.66 and its 200-day simple moving average is C$9.48.

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.