FY2024 EPS Estimate for NexGen Energy Boosted by Analyst

NexGen Energy Ltd. (TSE:NXE) – Raymond James increased their FY2024 EPS estimates for NexGen Energy in a research note issued to investors on Wednesday, November 13th. Raymond James analyst B. Macarthur now expects that the company will post earnings of ($0.07) per share for the year, up from their previous forecast of ($0.13). Raymond James has a “Outperform” rating and a $12.00 price objective on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the company earned ($0.03) EPS.

Other research analysts have also issued research reports about the company. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cormark lowered their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Ventum Financial increased their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. TD Securities decreased their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Scotiabank dropped their price target on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$13.38.

NexGen Energy Stock Up 0.2 %

TSE:NXE opened at C$10.41 on Monday. 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 stock has a 50 day moving average of C$9.40 and a 200-day moving average of C$9.46. The firm has a market capitalization of C$5.88 billion, a PE ratio of 61.24 and a beta of 1.76. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14.

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.