FY2024 EPS Estimates for NexGen Energy Boosted by Analyst

NexGen Energy Ltd. (TSE:NXE) – Investment analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of NexGen Energy in a report issued on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings per share of ($0.06) for the year, up from their previous estimate of ($0.11). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.14) EPS, FY2026 earnings at ($0.14) EPS and FY2027 earnings at ($0.14) EPS.

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

A number of other equities research analysts have also weighed in on NXE. Royal Bank of Canada boosted their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday. Ventum Financial increased their price objective on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Haywood Securities raised their price objective on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday. Scotiabank upped their target price on NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday. Finally, TD Securities reduced their price target 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. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Trading Up 4.7 %

Shares of NexGen Energy stock opened at C$12.20 on Friday. The firm’s 50 day simple moving average is C$9.66 and its two-hundred day simple moving average is C$9.48. The firm has a market capitalization of C$6.89 billion, a price-to-earnings ratio of 71.76 and a beta of 1.76. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.23. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09.

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.