FY2025 EPS Estimate for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Analysts at Raymond James raised their FY2025 EPS estimates for shares of NexGen Energy in a research report issued to clients and investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now forecasts 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 ($0.06) per share.

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

NexGen Energy Trading Up 4.7 %

NYSE:NXE opened at $8.73 on Friday. The stock has a market capitalization of $4.93 billion, a PE ratio of 58.17 and a beta of 1.90. The firm’s 50 day moving average is $7.15 and its 200 day moving average is $6.88. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.88.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NXE. Larson Financial Group LLC purchased a new position in NexGen Energy in the 2nd quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale purchased a new position in shares of NexGen Energy during the 3rd quarter valued at $76,000. SevenBridge Financial Group LLC purchased a new position in shares of NexGen Energy during the 3rd quarter valued at $87,000. New Harbor Financial Group LLC grew its position in shares of 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 in the last quarter. Finally, Element Capital Management LLC purchased a new position in shares of NexGen Energy during the 2nd quarter valued at $110,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Company Profile

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.