Analysts Issue Forecasts for NexGen Energy FY2027 Earnings

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at Ventum Cap Mkts upped their FY2027 earnings per share estimates for shares of NexGen Energy in a research report issued to clients and investors on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will earn ($0.06) per share for the year, up from their prior estimate of ($0.14). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2028 earnings at ($0.13) EPS.

Other analysts have also recently issued reports about the stock. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Stifel Nicolaus started coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

NexGen Energy Stock Performance

Shares of NXE opened at $4.82 on Monday. NexGen Energy has a fifty-two week low of $4.44 and a fifty-two week high of $8.96. The company’s fifty day moving average is $6.07 and its 200 day moving average is $6.77. The stock has a market capitalization of $2.74 billion, a PE ratio of 32.10 and a beta of 1.97.

Hedge Funds Weigh In On NexGen Energy

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after purchasing an additional 6,317,538 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock worth $41,882,000 after purchasing an additional 4,378,933 shares during the last quarter. Van ECK Associates Corp increased its stake in NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after buying an additional 3,762,756 shares during the period. Mountaineer Partners Management LLC lifted its holdings in NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after buying an additional 3,107,214 shares in the last quarter. Finally, Segra Capital Management LLC boosted its position in NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after buying an additional 1,931,200 shares during the period. 42.43% of the stock is currently owned by institutional investors.

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.