Analysts Issue Forecasts for NexGen Energy Ltd.’s FY2024 Earnings (TSE:NXE)

NexGen Energy Ltd. (TSE:NXE) – Equities researchers at National Bank Financial issued their FY2024 earnings per share estimates for shares of NexGen Energy in a research note issued to investors on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe expects that the company will post earnings of ($0.11) per share for the year. 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 ($0.15) EPS, FY2026 earnings at ($0.15) EPS and FY2027 earnings at ($0.15) EPS.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported C($0.02) EPS for the quarter, beating the consensus estimate of C($0.04) by C$0.02.

NXE has been the topic of several other research reports. National Bankshares set a C$11.00 target price on NexGen Energy and gave the company an “outperform” rating in a research note on Wednesday. TD Securities lowered their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Scotiabank lowered their price target on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Finally, Ventum Financial boosted their price target on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Eight equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.75.

NexGen Energy Trading Down 1.8 %

TSE NXE opened at C$7.20 on Friday. The stock has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 42.35 and a beta of 1.76. The stock’s 50 day moving average price is C$8.62 and its two-hundred day moving average price is C$9.74. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14.

Insider Buying and Selling at NexGen Energy

In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of C$7.42, for a total value of C$1,395,336.00. Also, 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 7.96% 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.