Ventum Cap Mkts upgraded shares of NexGen Energy (TSE:NXE – Free Report) to a strong-buy rating in a research report released on Monday morning, Zacks.com reports. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2024 earnings at ($0.18) EPS, FY2025 earnings at ($0.08) EPS, FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.13) EPS.
NXE has been the topic of several other reports. Raymond James lowered their price objective on NexGen Energy from C$13.50 to C$13.00 in a report on Thursday, May 9th. Ventum Financial lowered their price objective on NexGen Energy from C$12.50 to C$12.00 in a report on Monday. Scotiabank set a C$13.50 target price on NexGen Energy and gave the stock an outperform rating in a report on Monday, April 1st. Finally, Haywood Securities upgraded NexGen Energy to a strong-buy rating in a report on Friday, May 17th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of C$13.14.
Get Our Latest Analysis on NexGen Energy
NexGen Energy Stock Performance
NexGen Energy (TSE:NXE – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.02). On average, equities analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.
Insider Activity at NexGen Energy
In related news, Director Richard J. Patricio sold 175,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total value of C$1,692,285.00. 8.23% of the stock is currently 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.
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