FY2025 EPS Estimate for NexGen Energy Increased by Analyst

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

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

NexGen Energy Trading Up 4.7 %

Shares of NexGen Energy stock opened at $8.73 on Friday. The business has a 50-day moving average price of $7.15 and a two-hundred day moving average price of $6.88. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.88. The company has a market cap of $4.93 billion, a P/E ratio of 58.17 and a beta of 1.90.

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

Institutional Trading of NexGen Energy

Several large investors have recently made changes to their positions in NXE. Larson Financial Group LLC acquired a new position in NexGen Energy during the 2nd quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new position in NexGen Energy during the 3rd quarter valued at about $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy during the 3rd quarter valued at about $87,000. New Harbor Financial Group LLC boosted its stake 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 valued at $98,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Element Capital Management LLC acquired a new position in NexGen Energy during the 2nd quarter valued at about $110,000. 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.