Ventum Cap Mkts Expects Increased Earnings for NexGen Energy

NexGen Energy Ltd. (NYSE:NXE) – Analysts at Ventum Cap Mkts upped their FY2024 EPS estimates for NexGen Energy in a research note issued on Tuesday, November 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings of ($0.04) per share for the year, up from their previous estimate of ($0.09). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.09) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2025 earnings at ($0.09) EPS, FY2026 earnings at ($0.06) EPS and FY2027 earnings at ($0.14) EPS.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the firm posted ($0.04) EPS.

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

NexGen Energy Stock Performance

NYSE NXE opened at $7.40 on Friday. The business’s fifty day moving average is $6.85 and its 200 day moving average is $6.87. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.88. The company has a market capitalization of $4.18 billion, a PE ratio of 49.30 and a beta of 1.90.

Institutional Trading of NexGen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC bought a new position in NexGen Energy in the 2nd quarter worth $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy in the third quarter worth about $76,000. SevenBridge Financial Group LLC bought a new position in shares of NexGen Energy in the third quarter worth about $87,000. New Harbor Financial Group LLC grew its position in shares of NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Element Capital Management LLC bought a new stake in NexGen Energy during the 2nd quarter valued at approximately $110,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

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.