NexGen Energy Ltd. (TSE:NXE) to Post FY2024 Earnings of ($0.11) Per Share, National Bank Financial Forecasts

NexGen Energy Ltd. (TSE:NXE) – Stock analysts at National Bank Financial issued their FY2024 EPS estimates for shares of NexGen Energy in a research note issued to investors on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe anticipates that the company will earn ($0.11) 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 ($0.07) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.15) EPS and FY2027 earnings at ($0.15) EPS.

A number of other equities research analysts have also commented on NXE. Royal Bank of Canada reduced their price objective on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Cormark dropped their target price on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Raymond James dropped their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Friday, May 17th. Finally, TD Securities dropped their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Eight investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NexGen Energy has a consensus rating of “Buy” and an average target price of C$12.75.

NexGen Energy Trading Down 2.7 %

TSE:NXE opened at C$7.33 on Friday. The firm’s fifty day moving average is C$8.67 and its 200-day moving average is C$9.76. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. NexGen Energy has a 52 week low of C$7.31 and a 52 week high of C$12.14. The firm has a market cap of C$4.14 billion, a P/E ratio of 43.12 and a beta of 1.76.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02.

Insiders Place Their Bets

In other NexGen Energy news, Director Bradley John Wall sold 188,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. In other news, Director Richard J. Patricio sold 175,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. Also, Director Bradley John Wall sold 188,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of C$7.42, for a total transaction of C$1,395,336.00. Corporate insiders own 7.96% of the company’s stock.

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.