Raymond James Increases Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (TSE:NXE) – Analysts at Raymond James raised their FY2025 earnings per share (EPS) estimates for shares of NexGen Energy in a research report issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now forecasts that the company will earn ($0.09) per share for the year, up from their prior estimate of ($0.10). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

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 quarter last year, the business earned ($0.03) earnings per share.

Several other equities analysts have also commented on the company. Haywood Securities upped their target price on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday. National Bankshares increased 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. Scotiabank lifted their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday. Cormark upped their price objective on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. Finally, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Stock Performance

Shares of NXE opened at C$12.42 on Friday. The company’s 50 day simple moving average is C$9.77 and its 200 day simple moving average is C$9.49. 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 capitalization of C$7.01 billion, a price-to-earnings ratio of 73.06 and a beta of 1.76. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.51.

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.