NexGen Energy FY2025 EPS Cut by National Bank Financial

NexGen Energy Ltd. (NYSE:NXE) – Analysts at National Bank Financial dropped their FY2025 EPS estimates for NexGen Energy in a research report issued on Tuesday, May 13th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of ($0.14) per share for the year, down from their previous forecast of ($0.11). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2027 earnings at ($0.09) EPS.

A number of other research firms also recently commented on NXE. Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Raymond James reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

NexGen Energy Trading Down 2.9%

NXE stock opened at $5.46 on Friday. The company has a market cap of $3.11 billion, a P/E ratio of 36.37 and a beta of 1.50. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96. The company’s 50-day moving average price is $4.91 and its 200 day moving average price is $6.21.

NexGen Energy (NYSE:NXE) last issued its earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04).

Hedge Funds Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NexGen Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company’s stock valued at $230,828,000 after buying an additional 501,952 shares during the last quarter. L1 Capital Pty Ltd increased its position in NexGen Energy by 11.8% during the first quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company’s stock worth $137,372,000 after purchasing an additional 3,226,055 shares during the last quarter. Vanguard Group Inc. increased its position in NexGen Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company’s stock worth $93,928,000 after purchasing an additional 520,279 shares during the last quarter. Alps Advisors Inc. increased its position in NexGen Energy by 8.3% during the first quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company’s stock worth $76,535,000 after purchasing an additional 1,299,255 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in NexGen Energy by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company’s stock worth $57,659,000 after purchasing an additional 82,413 shares during the last quarter. Institutional investors and hedge funds 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 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.