NexGen Energy FY2027 EPS Forecast Raised by Ventum Cap Mkts

NexGen Energy Ltd. (NYSE:NXE - Free Report) - Ventum Cap Mkts upped their FY2027 earnings per share (EPS) estimates for shares of NexGen Energy in a research note issued on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings per share of ($0.06) for the year, up from their previous forecast of ($0.14). The consensus estimate for NexGen Energy's current full-year earnings is ($0.05) per share. Ventum Cap Mkts also issued estimates for NexGen Energy's FY2028 earnings at ($0.13) EPS.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus started coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Strong Buy".

NexGen Energy Stock Performance

NYSE NXE traded up $0.09 during trading hours on Monday, hitting $5.04. 8,961,647 shares of the company traded hands, compared to its average volume of 6,373,205. The business's 50-day moving average is $5.99 and its 200-day moving average is $6.75. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 33.64 and a beta of 1.97. NexGen Energy has a twelve month low of $4.44 and a twelve month high of $8.96.

Remove Ads

Hedge Funds Weigh In On NexGen Energy

Several large investors have recently modified their holdings of NXE. The Manufacturers Life Insurance Company raised its holdings in NexGen Energy by 792.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock valued at $46,434,000 after acquiring an additional 6,317,538 shares during the period. JPMorgan Chase & Co. grew its position in shares of NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock valued at $41,882,000 after purchasing an additional 4,378,933 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after purchasing an additional 3,762,756 shares during the period. Mountaineer Partners Management LLC lifted its holdings in NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. Finally, Segra Capital Management LLC boosted its stake in NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after purchasing an additional 1,931,200 shares during the period. 42.43% of the stock is owned by institutional investors.

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.