FY2024 EPS Estimates for NexGen Energy Ltd. (TSE:NXE) Raised by Analyst

NexGen Energy Ltd. (TSE:NXE) – Analysts at Raymond James lifted their FY2024 earnings estimates for shares of 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 per share of ($0.13) for the year, up from their previous estimate of ($0.14). Raymond James has a “Outperform” rating and a $13.50 price target on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

Several other equities research analysts have also recently weighed in on NXE. Eight Capital upped their price target on NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Cormark boosted their price objective on shares of NexGen Energy from C$11.50 to C$13.75 in a research note on Thursday, February 8th. Finally, Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a research note on Monday, April 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NexGen Energy presently has an average rating of “Buy” and an average target price of C$13.34.

NexGen Energy Stock Performance

Shares of NXE opened at C$11.33 on Friday. NexGen Energy has a 52-week low of C$4.91 and a 52-week high of C$12.00. The stock’s 50-day simple moving average is C$10.55 and its 200 day simple moving average is C$9.68. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00. The stock has a market capitalization of C$6.11 billion, a price-to-earnings ratio of 70.81 and a beta of 1.82.

NexGen Energy (TSE:NXE) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06).

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.