Analysts Offer Predictions for NexGen Energy FY2024 Earnings

NexGen Energy Ltd. (TSE:NXE) – Investment analysts at Scotiabank boosted their FY2024 earnings estimates for shares of NexGen Energy in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects 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.

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

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

NexGen Energy Price Performance

Shares of TSE NXE opened at C$9.81 on Friday. The business has a fifty day moving average price of C$10.64 and a two-hundred day moving average price of C$9.55. The stock has a market capitalization of C$5.54 billion, a PE ratio of 57.71 and a beta of 1.76. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.51.

Insider Activity at NexGen Energy

In other news, Director Leigh Robert Curyer bought 1,500,000 shares of the stock in a transaction on Friday, December 20th. The stock was 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 owned by insiders.

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.