NexGen Energy Ltd. (NYSE:NXE - Free Report) - Stock analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of NexGen Energy in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of ($0.04) per share for the year, up from their prior estimate 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 (NYSE:NXE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same period in the prior year, the business posted ($0.04) earnings per share.
NexGen Energy Stock Up 1.6 %
NXE stock traded up $0.14 during trading on Friday, reaching $8.87. 8,001,701 shares of the company's stock were exchanged, compared to its average volume of 5,823,176. 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 price is $7.15 and its 200-day moving average price is $6.88. The firm has a market cap of $5.01 billion, a PE ratio of 58.17 and a beta of 1.90.
Institutional Investors Weigh In On NexGen Energy
Several hedge funds have recently modified their holdings of NXE. Larson Financial Group LLC acquired a new position in NexGen Energy during the second quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new position in NexGen Energy in the 3rd quarter worth about $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy in the 3rd quarter worth about $87,000. New Harbor Financial Group LLC increased its position in NexGen Energy by 20.0% in the 3rd 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 last quarter. Finally, Element Capital Management LLC acquired a new position in NexGen Energy in the 2nd quarter worth about $110,000. 42.43% of the stock is owned by hedge funds and other institutional investors.
About NexGen Energy
(
Get Free Report)
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.
Featured Stories
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
