NexGen Energy (NXE) Stock Price, News & Analysis

Company Overview

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. The company is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $7.27 to $7.79
• 50-Day Range: $5.32 to $8.33
• 52-Week Range: $4.95 to $8.88
• Volume: 9.91 million shs
• Average Volume: 5.78 million shs
• Market Capitalization: $4.17 billion
• P/E Ratio: 49.20
• Dividend Yield: N/A
• Price Target: $11.00
• Consensus Rating: Strong Buy

NexGen Energy Stock Analysis - MarketRank™

NexGen Energy scored higher than 51% of companies evaluated by MarketBeat, and ranked 138th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

NexGen Energy has received a consensus rating of Strong Buy. The company's average rating score is 3.60, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NexGen Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for NexGen Energy are expected to decrease in the coming year, from ($0.06) to ($0.12) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NexGen Energy is 49.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.62.

Price to Earnings Ratio vs. Sector

The P/E ratio of NexGen Energy is 49.20, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 100.08.

Price to Book Value per Share Ratio

NexGen Energy has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.07% of the outstanding shares of NexGen Energy have been sold short.

Short Interest Ratio / Days to Cover

NexGen Energy has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.

Change versus previous month

Short interest in NexGen Energy has recently increased by 3.44%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NexGen Energy does not currently pay a dividend.

Dividend Growth

NexGen Energy does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.07% of the outstanding shares of NexGen Energy have been sold short.

Short Interest Ratio / Days to Cover

NexGen Energy has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.

Change versus previous month

Short interest in NexGen Energy has recently increased by 3.44%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.91

News Sentiment

NexGen Energy has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for NexGen Energy this week, compared to 4 articles on an average week.

Search Interest

12 people have searched for NXE on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added NexGen Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -46% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NexGen Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.60% of the stock of NexGen Energy is held by insiders.

Percentage Held by Institutions

42.43% of the stock of NexGen Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NXE Stock Analysis - Frequently Asked Questions

How have NXE shares performed this year?

NexGen Energy's stock was trading at $7.00 at the beginning of 2024. Since then, NXE shares have increased by 5.4% and is now trading at $7.38.
View the best growth stocks for 2024 here.

How were NexGen Energy's earnings last quarter?

NexGen Energy Ltd. (NYSE:NXE) posted 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.

Who are NexGen Energy's major shareholders?

NexGen Energy's top institutional shareholders include Segra Capital Management LLC (2.07%), FMR LLC (1.51%), The Manufacturers Life Insurance Company (1.26%) and Van ECK Associates Corp (0.84%).
View institutional ownership trends.

How do I buy shares of NexGen Energy?

Shares of NXE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NexGen Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NexGen Energy investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Uranium Energy (UEC), CrowdStrike (CRWD) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Miscellaneous metal ores
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:NXE
• CUSIP: N/A
• CIK: 1698535
• Web: www.nexgenenergy.ca
• Phone: 604-428-4112
• Fax: 604-259-0321
• Employees: 77
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +49.1%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.15
• Trailing P/E Ratio: 49.20
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $59.87 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -6.54%
• Return on Assets: -4.94%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.16
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.58 per share
• Price / Book: 4.67

Miscellaneous

• Outstanding Shares: 564,996,000
• Free Float: 533,356,000
• Market Cap: $4.17 billion
• Optionable: Optionable
• Beta: 1.90