NexGen Energy (NXE) Scheduled to Post Quarterly Earnings on Friday

NexGen Energy (TSE:NXE) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of C($0.04) per share for the quarter.

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

NexGen Energy Stock Down 1.3 %

Shares of TSE:NXE opened at C$9.83 on Wednesday. NexGen Energy has a 52-week low of C$7.04 and a 52-week high of C$12.14. The business’s 50 day simple moving average is C$9.08 and its two-hundred day simple moving average is C$9.48. The company has a debt-to-equity ratio of 39.09, a quick ratio of 8.20 and a current ratio of 1.20. The firm has a market cap of C$5.55 billion, a P/E ratio of 57.82 and a beta of 1.76.

Analyst Ratings Changes

A number of brokerages have commented on NXE. Cormark decreased their price objective on NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Raymond James lowered their price objective on 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. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Financial increased their price target on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Scotiabank cut their price objective on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, NexGen Energy currently has an average rating of “Buy” and an average price target of C$13.38.

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.