NexGen Energy Ltd. (NYSE:NXE) to Post FY2024 Earnings of ($0.08) Per Share, National Bank Financial Forecasts

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for NexGen Energy in a report issued on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe anticipates that the company will post earnings of ($0.08) per share for the year. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.09) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.11) EPS, FY2026 earnings at ($0.11) EPS and FY2027 earnings at ($0.11) EPS.

Several other equities analysts have also recently weighed in on the company. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $11.00.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $5.44 on Friday. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The business has a 50-day moving average of $6.31 and a two-hundred day moving average of $7.14. The stock has a market capitalization of $3.05 billion, a P/E ratio of -543.50 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same period last year, the firm posted ($0.03) earnings per share.

Hedge Funds Weigh In On NexGen Energy

Several large investors have recently made changes to their positions in the business. L1 Capital Pty Ltd raised its holdings in NexGen Energy by 6.3% in the 1st quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock valued at $187,127,000 after acquiring an additional 1,423,317 shares in the last quarter. Vanguard Group Inc. raised its holdings in NexGen Energy by 5,020.5% in the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after acquiring an additional 15,905,444 shares in the last quarter. MMCAP International Inc. SPC raised its holdings in NexGen Energy by 1,627.2% in the 1st quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock valued at $27,697,000 after acquiring an additional 3,358,278 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NexGen Energy by 74.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock valued at $23,393,000 after acquiring an additional 1,430,709 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in NexGen Energy by 69.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company’s stock valued at $21,880,000 after acquiring an additional 1,283,210 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.