FY2024 EPS Estimates for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (TSE:NXE) – Raymond James upped their FY2024 earnings per share (EPS) estimates for NexGen Energy in a research report issued on Wednesday, November 13th. Raymond James analyst B. Macarthur now expects that the company will earn ($0.07) per share for the year, up from their previous forecast of ($0.13). Raymond James currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

NexGen Energy (TSE:NXE) last announced its 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 prior year, the business posted ($0.03) EPS.

NXE has been the subject of a number of other research reports. National Bankshares increased their target price on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cormark lowered their target price on NexGen Energy from C$13.75 to C$13.00 in a research note on Friday, August 2nd. Royal Bank of Canada reduced their price target on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, Scotiabank lowered their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$13.38.

NexGen Energy Stock Up 0.2 %

Shares of TSE:NXE opened at C$10.41 on Monday. NexGen Energy has a 52 week low of C$7.04 and a 52 week high of C$12.14. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The company has a market cap of C$5.88 billion, a PE ratio of 61.24 and a beta of 1.76. The firm has a 50 day simple moving average of C$9.40 and a 200 day simple moving average of C$9.46.

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.