FY2024 EPS Estimates for NexGen Energy Ltd. (NYSE:NXE) Increased by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at Raymond James increased their FY2024 earnings estimates for NexGen Energy in a research note issued to investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of ($0.09) per share for the year, up from their prior forecast of ($0.10). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.10) per share.

NexGen Energy (NYSE:NXE) last released its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05).

Separately, Scotiabank initiated coverage on shares of NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating for the company.

NexGen Energy Stock Up 1.5 %

NYSE:NXE opened at $8.29 on Friday. NexGen Energy has a twelve month low of $3.61 and a twelve month high of $8.88. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 414.71 and a beta of 1.90. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $7.73 and its two-hundred day moving average price is $7.12.

Institutional Trading of NexGen Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of NexGen Energy by 99,379.5% during the 3rd quarter. FMR LLC now owns 11,674,918 shares of the company’s stock worth $69,882,000 after acquiring an additional 11,663,182 shares during the period. L1 Capital Pty Ltd raised its position in shares of NexGen Energy by 31.3% in the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock valued at $130,246,000 after purchasing an additional 5,195,210 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NexGen Energy by 12.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,761,298 shares of the company’s stock worth $142,884,000 after buying an additional 2,612,540 shares during the period. Goldman Sachs Group Inc. grew its stake in NexGen Energy by 74.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock valued at $23,393,000 after buying an additional 1,430,709 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in NexGen Energy by 83.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,649,400 shares of the company’s stock valued at $15,857,000 after acquiring an additional 1,206,200 shares during the period. Institutional investors own 42.43% of the company’s stock.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.