Raymond James Increases Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at Raymond James increased their FY2025 earnings per share estimates for NexGen Energy in a research note issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings of ($0.06) per share for the year, up from their prior estimate of ($0.07). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share.

Separately, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Price Performance

Shares of NXE opened at $8.88 on Friday. The company’s fifty day moving average price is $7.22 and its 200-day moving average price is $6.86. The firm has a market capitalization of $5.02 billion, a PE ratio of 59.20 and a beta of 1.90. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the prior year, the firm earned ($0.04) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXE. Cetera Advisors LLC boosted its position in NexGen Energy by 2.3% in the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares in the last quarter. New Harbor Financial Group LLC increased its holdings in NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after buying an additional 3,200 shares in the last quarter. Stanley Laman Group Ltd. raised its position in shares of NexGen Energy by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock worth $3,351,000 after acquiring an additional 3,315 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of NexGen Energy by 24.6% in the second quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock worth $153,000 after acquiring an additional 4,338 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

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.