Ventum Cap Mkts Boosts Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (TSE:NXE) – Research analysts at Ventum Cap Mkts raised their FY2027 EPS estimates for shares of NexGen Energy in a research note issued to investors on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will post earnings per share of ($0.08) for the year, up from their prior estimate of ($0.19). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2028 earnings at ($0.18) EPS.

Several other research firms have also recently weighed in on NXE. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Raymond James raised their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. TD Securities decreased their price objective on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Cormark lifted their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 20th. Finally, National Bankshares cut their price objective on NexGen Energy from C$13.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th. Six research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$13.28.

NexGen Energy Trading Down 0.9 %

TSE:NXE opened at C$6.73 on Monday. The stock has a market cap of C$3.81 billion, a price-to-earnings ratio of 25.77 and a beta of 1.76. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49. The company’s 50 day moving average price is C$8.79 and its 200-day moving average price is C$9.46. NexGen Energy has a 52 week low of C$6.44 and a 52 week high of C$12.51.

Insiders Place Their Bets

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

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.