FY2024 EPS Estimates for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at Scotiabank boosted their FY2024 EPS estimates for shares of NexGen Energy in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.06) per share for the year, up from their previous estimate of ($0.08). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.19) EPS.

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

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $6.79 on Friday. The business has a fifty day moving average of $7.56 and a two-hundred day moving average of $6.89. NexGen Energy has a 52-week low of $4.95 and a 52-week high of $8.96. The stock has a market cap of $3.84 billion, a PE ratio of 45.27 and a beta of 1.96.

Hedge Funds Weigh In On NexGen Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after acquiring an additional 5,827 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy in the third quarter valued at about $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy during the 3rd quarter worth about $87,000. New Harbor Financial Group LLC grew its holdings in NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in NexGen Energy in the 3rd quarter valued at about $98,000. 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.