FY2024 EPS Estimates for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (TSE:NXE - Free Report) - Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for NexGen Energy in a report issued on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now anticipates that the company will earn ($0.06) per share for the year, up from their prior forecast of ($0.11). National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for NexGen Energy's current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for NexGen Energy's FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.14) EPS and FY2027 earnings at ($0.14) EPS.

Several other research analysts have also recently issued reports on the stock. Cormark increased their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. National Bankshares increased 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 report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday. Ventum Financial increased their price objective 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. Finally, Haywood Securities increased their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$14.42.

NexGen Energy Trading Up 1.6 %

Shares of NXE traded up C$0.20 during midday trading on Friday, hitting C$12.40. The stock had a trading volume of 1,461,942 shares, compared to its average volume of 1,966,910. The stock's 50 day moving average is C$9.66 and its 200 day moving average is C$9.48. 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 firm has a market cap of C$7.00 billion, a PE ratio of 71.76 and a beta of 1.76. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.51.

NexGen Energy (TSE:NXE - Get Free Report) last released its quarterly 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 prior year, the firm 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.