FY2024 EPS Estimates for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (NYSE:NXE - Free Report) - Analysts at Ventum Cap Mkts lifted their FY2024 EPS estimates for shares of NexGen Energy in a report released on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings per share of ($0.04) for the year, up from their prior estimate of ($0.09). The consensus estimate for NexGen Energy's current full-year earnings is ($0.09) per share. Ventum Cap Mkts also issued estimates for NexGen Energy's FY2025 earnings at ($0.09) EPS, FY2026 earnings at ($0.06) EPS and FY2027 earnings at ($0.14) EPS.

Separately, National Bank Financial upgraded shares of NexGen Energy to a "strong-buy" rating in a research note 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 data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and a consensus target price of $11.00.

NexGen Energy Price Performance

NYSE:NXE remained flat at $7.38 during midday trading on Friday. 9,674,017 shares of the company traded hands, compared to its average volume of 5,730,948. The stock has a fifty day moving average of $6.89 and a two-hundred day moving average of $6.87. NexGen Energy has a 12-month low of $4.95 and a 12-month high of $8.88. The firm has a market capitalization of $4.17 billion, a P/E ratio of 48.80 and a beta of 1.90.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the previous year, the business posted ($0.04) EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NXE. Larson Financial Group LLC purchased a new stake in shares of NexGen Energy in the second quarter valued at about $33,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy in the third quarter valued at about $76,000. SevenBridge Financial Group LLC purchased a new stake in shares of NexGen Energy in the third quarter valued at about $87,000. New Harbor Financial Group LLC boosted its holdings 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 valued at $98,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Element Capital Management LLC purchased a new stake in shares of NexGen Energy in the second quarter valued at about $110,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

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.