FY2024 EPS Forecast for NexGen Energy Increased by Analyst

NexGen Energy Ltd. (TSE:NXE) – Stock analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of NexGen Energy in a research report issued on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of ($0.06) per share for the year, up from their previous forecast of ($0.11). 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 ($0.14) EPS, FY2026 earnings at ($0.14) EPS and FY2027 earnings at ($0.14) EPS.

Several other brokerages have also issued reports on NXE. Scotiabank lifted their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a research report on Wednesday. TD Securities lowered their price objective on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Cormark increased their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. National Bankshares lifted their price target on NexGen Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Raymond James increased their price objective on NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Price Performance

Shares of TSE NXE opened at C$12.20 on Friday. 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 fifty day moving average of C$9.66 and a 200 day moving average of C$9.48. The firm has a market cap of C$6.89 billion, a PE ratio of 71.76 and a beta of 1.76. NexGen Energy has a one year low of C$7.04 and a one year high of C$12.23.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter last year, the firm posted ($0.03) earnings per share.

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 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.