NexGen Energy FY2024 EPS Estimate Boosted by Ventum Cap Mkts

NexGen Energy Ltd. (TSE:NXE) – Investment analysts at Ventum Cap Mkts increased their FY2024 EPS estimates for shares of NexGen Energy in a report issued on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will earn ($0.06) per share for the year, up from their previous forecast of ($0.12). 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 ($0.12) EPS, FY2026 earnings at ($0.08) EPS and FY2027 earnings at ($0.19) EPS.

A number of other research firms also recently issued reports on NXE. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Financial boosted their target price on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. National Bankshares raised their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cormark reduced their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Finally, TD Securities dropped their price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy presently has an average rating of “Buy” and an average price target of C$13.38.

NexGen Energy Trading Up 0.2 %

NXE stock opened at C$10.41 on Friday. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09. The company has a market cap of C$5.88 billion, a price-to-earnings ratio of 61.24 and a beta of 1.76. The business has a fifty day simple moving average of C$9.40 and a 200-day simple moving average of C$9.46. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14.

NexGen Energy (TSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period in the previous year, the business earned ($0.03) EPS.

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.