Analysts Offer Predictions for NexGen Energy FY2024 Earnings

NexGen Energy Ltd. (TSE:NXE) – Equities researchers at Scotiabank boosted their FY2024 earnings estimates for shares of NexGen Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of ($0.09) for the year, up from their previous forecast of ($0.11). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS and FY2026 earnings at ($0.27) EPS.

A number of other equities research analysts have also issued reports on NXE. Royal Bank of Canada lifted their target price on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Raymond James lifted their price objective on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. National Bankshares raised their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Cormark lifted their price target on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday, November 20th. Finally, Haywood Securities increased their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$14.42.

NexGen Energy Stock Down 1.0 %

NexGen Energy stock opened at C$9.81 on Friday. The company has a 50 day moving average of C$10.64 and a 200-day moving average of C$9.55. 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 twelve month low of C$7.04 and a twelve month high of C$12.51. The stock has a market capitalization of C$5.54 billion, a PE ratio of 57.71 and a beta of 1.76.

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

Insider Activity at NexGen Energy

In other news, Director Leigh Robert Curyer sold 1,250,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total transaction of C$14,442,875.00. 7.96% of the stock is currently owned by company insiders.

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.