FY2024 EPS Estimates for NexGen Energy Lifted by Scotiabank

NexGen Energy Ltd. (TSE:NXE - Free Report) - Analysts at Scotiabank raised their FY2024 earnings estimates for NexGen Energy in a research report issued to clients and 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 prior 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 also recently weighed in on the stock. Haywood Securities raised their price target on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Raymond James raised their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price target on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. National Bankshares raised their price objective on NexGen Energy from C$11.00 to C$13.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Cormark boosted their price objective on NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$14.42.

NexGen Energy Price Performance

TSE:NXE traded down C$0.10 during trading hours on Friday, hitting C$9.81. The company's stock had a trading volume of 891,457 shares, compared to its average volume of 1,377,826. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. The company has a market capitalization of C$5.54 billion, a P/E ratio of 57.71 and a beta of 1.76. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.51. The stock has a fifty day simple moving average of C$10.64 and a 200-day simple moving average of C$9.55.

NexGen Energy (TSE:NXE - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the prior year, the company posted ($0.03) earnings per share.

Insiders Place Their Bets

In other news, Director Leigh Robert Curyer purchased 1,500,000 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. Company insiders own 7.96% of the company's stock.

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.