NexGen Energy FY2024 EPS Forecast Increased by Scotiabank

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for NexGen Energy in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of ($0.06) per share for the year, up from their prior forecast of ($0.08). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.19) EPS.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $6.93 on Friday. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $6.89. The company has a market cap of $3.92 billion, a PE ratio of 46.20 and a beta of 1.96. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.96.

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

Institutional Investors Weigh In On NexGen Energy

Several hedge funds have recently made changes to their positions in NXE. Larson Financial Group LLC boosted its position in NexGen Energy by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after purchasing an additional 5,827 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy during the third quarter valued at approximately $76,000. SevenBridge Financial Group LLC acquired a new position in shares of NexGen Energy during the third quarter worth $87,000. New Harbor Financial Group LLC boosted its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after purchasing an additional 2,500 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in NexGen Energy during the 3rd quarter valued at $98,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.