NexGen Energy (NXE) to Release Earnings on Friday

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

NexGen Energy Stock Performance

NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14. The company has a market capitalization of C$5.57 billion, a P/E ratio of 57.82 and a beta of 1.76. The company’s fifty day moving average is C$9.12 and its 200 day moving average is C$9.48. The company has a quick ratio of 8.20, a current ratio of 1.20 and a debt-to-equity ratio of 39.09.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NXE shares. Royal Bank of Canada cut their target price on 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. National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Ventum Financial upped their price objective on shares of NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Raymond James decreased their price objective on NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, TD Securities decreased their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Seven investment 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 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.