NexGen Energy (NXE) Set to Announce Quarterly Earnings on Friday

NexGen Energy (NYSE:NXE) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same period last year, the company posted ($0.03) earnings per share. On average, analysts expect NexGen Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $7.11 on Wednesday. The firm has a market cap of $4.02 billion, a PE ratio of 711.71 and a beta of 1.90. The company has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $6.88. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.88.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy has an average rating of “Strong Buy” and a consensus price target of $11.00.

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.