FY2024 EPS Estimates for NexGen Energy Lifted by Scotiabank

NexGen Energy Ltd. (TSE:NXE) – Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of NexGen Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.09) per share for the year, up from their previous forecast of ($0.11). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS and FY2026 earnings at ($0.27) EPS.

NXE has been the subject of a number of other reports. Raymond James boosted their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th. Cormark upped their price objective on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. National Bankshares lifted their target price on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their price target on NexGen Energy from C$10.00 to C$15.00 in a research note on Thursday, November 21st. Finally, Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$13.75 in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$14.42.

NexGen Energy Stock Performance

NexGen Energy stock opened at C$9.91 on Friday. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.51. The stock has a 50-day simple moving average of C$10.65 and a 200 day simple moving average of C$9.54. 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 stock has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 58.29 and a beta of 1.76.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data 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 period in the prior year, the business earned ($0.03) earnings per share.

Insider Activity

In other news, Director Leigh Robert Curyer acquired 1,500,000 shares of NexGen Energy stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of C$10.05 per share, with a total value of C$15,075,000.00. 7.96% of the stock is currently owned by company insiders.

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.