NexGen Energy (NXE) Set to Announce Earnings on Tuesday

NexGen Energy (NYSE:NXE) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same quarter in the previous year, the business earned ($0.03) EPS. On average, analysts expect NexGen Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NexGen Energy Trading Down 0.3 %

Shares of NYSE:NXE traded down $0.02 during midday trading on Tuesday, hitting $7.14. 2,226,961 shares of the stock were exchanged, compared to its average volume of 5,633,670. NexGen Energy has a twelve month low of $4.95 and a twelve month high of $8.88. The company has a 50 day moving average price of $6.65 and a 200-day moving average price of $6.89. The stock has a market cap of $4.03 billion, a P/E ratio of 716.72 and a beta of 1.90.

Wall Street Analyst Weigh In

NXE has been the subject of a number of analyst reports. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NexGen Energy presently has an average rating of “Strong Buy” and an average price target of $11.00.

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.