Research Analysts Issue Forecasts for NexGen Energy Ltd.’s FY2024 Earnings (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) – Analysts at Ventum Cap Mkts issued their FY2024 earnings per share (EPS) estimates for NexGen Energy in a research note issued on Monday, July 8th. Ventum Cap Mkts analyst A. Terentiew forecasts that the company will post earnings of ($0.13) per share for the year. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.15) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2025 earnings at ($0.06) EPS.

A number of other research analysts have also recently issued reports on NXE. Scotiabank began coverage on NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating for the company. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

NexGen Energy Stock Up 0.9 %

Shares of NexGen Energy stock opened at $7.53 on Wednesday. NexGen Energy has a 12 month low of $4.50 and a 12 month high of $8.88. The business has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.49. The stock has a market cap of $4.23 billion, a PE ratio of -753.00 and a beta of 1.93.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01).

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NXE. Vanguard Group Inc. boosted its position in shares of NexGen Energy by 5,020.5% during the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after buying an additional 15,905,444 shares during the period. MMCAP International Inc. SPC raised its holdings in NexGen Energy by 1,627.2% during the first quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock worth $27,697,000 after acquiring an additional 3,358,278 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NexGen Energy by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock worth $179,307,000 after acquiring an additional 1,744,062 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NexGen Energy by 74.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company’s stock worth $23,393,000 after acquiring an additional 1,430,709 shares in the last quarter. Finally, L1 Capital Pty Ltd raised its holdings in NexGen Energy by 6.3% during the first quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company’s stock worth $187,127,000 after acquiring an additional 1,423,317 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

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 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.