NexGen Energy Ltd. Forecasted to Earn FY2024 Earnings of ($0.18) Per Share (TSE:NXE)

NexGen Energy Ltd. (TSE:NXE) – Research analysts at Ventum Cap Mkts issued their FY2024 EPS estimates for shares of NexGen Energy in a note issued to investors on Monday, July 8th. Ventum Cap Mkts analyst A. Terentiew anticipates that the company will post earnings of ($0.18) per share for the year. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2025 earnings at ($0.08) EPS.

A number of other research firms have also recently issued reports on NXE. Raymond James lowered their price objective on shares of NexGen Energy from C$13.50 to C$13.00 in a research report on Thursday, May 9th. Ventum Financial decreased their price target on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Finally, Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an “outperform” rating in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$13.14.

NexGen Energy Price Performance

Shares of TSE:NXE opened at C$10.27 on Wednesday. The firm has a 50 day moving average of C$10.10 and a 200-day moving average of C$10.17. The stock has a market capitalization of C$5.75 billion, a PE ratio of 93.36 and a beta of 1.82. NexGen Energy has a 12 month low of C$5.95 and a 12 month high of C$12.14. The company has a current ratio of 1.96, a quick ratio of 8.20 and a debt-to-equity ratio of 19.12.

NexGen Energy (TSE:NXE) last issued its earnings results on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02).

Insider Activity

In other news, Director Richard J. Patricio sold 175,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. Insiders own 8.23% 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.