Raymond James Boosts Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (NYSE:NXE - Free Report) - Raymond James raised their FY2025 earnings estimates for NexGen Energy in a report released on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the company will earn ($0.06) per share for the year, up from their previous estimate of ($0.07). The consensus estimate for NexGen Energy's current full-year earnings is ($0.06) per share.

Separately, National Bank Financial raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus target price of $11.00.

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded up $0.15 during midday trading on Friday, reaching $8.88. 10,725,784 shares of the company's stock traded hands, compared to its average volume of 5,835,177. The company has a market cap of $5.02 billion, a PE ratio of 58.17 and a beta of 1.90. The stock has a 50 day moving average of $7.15 and a 200-day moving average of $6.88. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the firm posted ($0.04) earnings per share.

Hedge Funds Weigh In On NexGen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in NexGen Energy by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company's stock valued at $637,000 after buying an additional 1,874 shares in the last quarter. New Harbor Financial Group LLC lifted its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock worth $98,000 after buying an additional 2,500 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in shares of NexGen Energy by 14.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company's stock worth $164,000 after purchasing an additional 3,200 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in shares of NexGen Energy by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company's stock worth $3,351,000 after purchasing an additional 3,315 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company's stock worth $153,000 after buying an additional 4,338 shares during the last quarter. Hedge funds and other institutional investors own 42.43% 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.