NexGen Energy FY2024 EPS Forecast Increased by Raymond James

NexGen Energy Ltd. (TSE:NXE) – Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of NexGen Energy in a report released on Wednesday, November 13th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of ($0.07) per share for the year, up from their prior forecast of ($0.13). Raymond James has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

A number of other brokerages also recently issued reports on NXE. Cormark reduced their price target on NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Scotiabank reduced their target price on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday, August 19th. National Bankshares lifted their target price on shares of 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. TD Securities decreased their price target on shares of 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. Finally, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$13.38.

NexGen Energy Stock Performance

The company has a market capitalization of C$6.68 billion, a P/E ratio of 69.76 and a beta of 1.76. The business has a 50 day moving average price of C$9.48 and a 200-day moving average price of C$9.45. NexGen Energy has a fifty-two week low of C$7.04 and a fifty-two week high of C$12.14. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20.

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

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.