NexGen Energy FY2024 EPS Lifted by National Bank Financial

NexGen Energy Ltd. (TSE:NXE) – Equities researchers at National Bank Financial increased their FY2024 EPS estimates for NexGen Energy in a note issued to investors on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of ($0.06) per share for the year, up from their prior forecast 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 announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the previous year, the business earned ($0.03) EPS.

Other analysts have also issued research reports about the stock. TD Securities dropped their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Haywood Securities lifted their price objective on shares of NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday. Ventum Financial lifted their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Cormark lifted their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a research note on Wednesday. Finally, National Bankshares lifted their price target on shares of NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Trading Up 1.8 %

NXE opened at C$12.42 on Friday. The firm has a market capitalization of C$7.01 billion, a P/E ratio of 71.76 and a beta of 1.76. The firm’s 50 day moving average is C$9.66 and its 200-day moving average is C$9.48. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.51. The company has a quick ratio of 8.20, a current ratio of 1.20 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.