NexGen Energy FY2024 EPS Estimate Boosted by Raymond James

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

A number of other equities research analysts have also recently issued reports on the company. TD Securities decreased their target price on 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. Cormark cut their price target on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Scotiabank lowered their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada lowered their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$13.38.

NexGen Energy Stock Up 6.7 %

Shares of NexGen Energy stock opened at C$11.11 on Monday. The stock has a market capitalization of C$6.27 billion, a P/E ratio of 66.06 and a beta of 1.76. 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 50 day moving average price of C$9.40 and a two-hundred day moving average price of C$9.45. NexGen Energy has a 12-month low of C$7.04 and a 12-month high of C$12.14.

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

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.