FY2024 EPS Estimate for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (TSE:NXE) – Equities research analysts at Scotiabank upped their FY2024 earnings per share estimates for NexGen Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of ($0.09) for the year, up from their previous forecast of ($0.11). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS and FY2026 earnings at ($0.27) EPS.

A number of other research analysts have also weighed in on the stock. Cormark boosted their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Haywood Securities raised their target price on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Raymond James lifted their price target on NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Finally, National Bankshares increased their price objective on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at C$9.91 on Friday. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The firm has a fifty day simple moving average of C$10.65 and a 200-day simple moving average of C$9.54. The stock has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 58.29 and a beta of 1.76. NexGen Energy has a 1-year low of C$7.04 and a 1-year high of C$12.51.

NexGen Energy (TSE:NXE) last posted its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period in the previous year, the business posted ($0.03) earnings per share.

Insider Transactions at NexGen Energy

In related news, Director Leigh Robert Curyer bought 1,500,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is owned by insiders.

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.