NexGen Energy FY2024 EPS Estimate Raised by Ventum Cap Mkts

NexGen Energy Ltd. (TSE:NXE - Free Report) - Investment analysts at Ventum Cap Mkts raised their FY2024 EPS estimates for shares of NexGen Energy in a research report issued to clients and investors on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now forecasts that the company will earn ($0.06) per share for the year, up from their prior forecast of ($0.12). The consensus estimate for NexGen Energy's current full-year earnings is ($0.07) per share. Ventum Cap Mkts also issued estimates for NexGen Energy's FY2025 earnings at ($0.12) EPS, FY2026 earnings at ($0.08) EPS and FY2027 earnings at ($0.19) EPS.

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

Other equities analysts have also recently issued reports about the stock. Raymond James lowered their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Scotiabank cut their price target on shares of NexGen Energy from C$12.50 to C$12.00 in a report on Monday, August 19th. National Bankshares raised their target price on 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. TD Securities lowered their target price on NexGen Energy from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada dropped their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$13.38.

NexGen Energy Price Performance

NXE stock traded up C$0.02 during trading hours on Friday, hitting C$10.41. 2,336,938 shares of the stock traded hands, compared to its average volume of 1,940,823. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.14. The company has a market cap of C$5.88 billion, a P/E ratio of 63.24 and a beta of 1.76. The stock has a 50-day simple moving average of C$9.36 and a 200 day simple moving average of C$9.47.

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.