Raymond James Increases Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (TSE:NXE - Free Report) - Stock analysts at Raymond James boosted their FY2024 EPS estimates for shares of NexGen Energy in a note issued to investors on Wednesday, November 13th. Raymond James analyst B. Macarthur now expects that the company will earn ($0.07) per share for the year, up from their prior forecast of ($0.13). Raymond James currently has a "Outperform" rating and a $12.00 target price on the stock. The consensus estimate for NexGen Energy's current full-year earnings is ($0.07) per share.

A number of other research firms also recently weighed in on NXE. National Bankshares raised their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Ventum Financial lifted their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. National Bank Financial raised shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Finally, Scotiabank cut their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a report on Monday, August 19th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$13.38.

NexGen Energy Price Performance

NXE traded up C$0.70 during trading on Monday, hitting C$11.11. 4,744,599 shares of the stock traded hands, compared to its average volume of 1,953,401. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.14. The company has a market cap of C$6.27 billion, a price-to-earnings ratio of 66.06 and a beta of 1.76. The business has a 50 day moving average price of C$9.40 and a 200 day moving average price of C$9.45.

NexGen Energy (TSE:NXE - Get Free Report) last posted its quarterly earnings data 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 company earned ($0.03) EPS.

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.