NexGen Energy FY2025 EPS Estimate Lifted by Raymond James

NexGen Energy Ltd. (NYSE:NXE) – Research analysts at Raymond James lifted their FY2025 earnings estimates for NexGen Energy in a report issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of ($0.06) for the year, up from their prior forecast of ($0.07). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.06) per share.

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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 $8.88 on Friday. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.96. The company has a market capitalization of $5.02 billion, a P/E ratio of 59.20 and a beta of 1.90. The business has a 50-day moving average of $7.22 and a two-hundred day moving average of $6.88.

NexGen Energy (NYSE:NXE) last issued its 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 prior year, the company earned ($0.04) EPS.

Hedge Funds Weigh In On NexGen Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in NexGen Energy during the 2nd quarter worth approximately $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of NexGen Energy in the third quarter valued at about $76,000. SevenBridge Financial Group LLC acquired a new position in shares of NexGen Energy in the third quarter valued at about $87,000. New Harbor Financial Group LLC increased its position in 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 acquiring an additional 2,500 shares during the period. Finally, Element Capital Management LLC acquired a new stake in NexGen Energy in the 2nd quarter worth about $110,000. Institutional investors 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.