FY2024 Earnings Estimate for NexGen Energy Ltd. Issued By Raymond James (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) – Investment analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for NexGen Energy in a note issued to investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now forecasts that the company will earn ($0.09) per share for the year, up from their previous forecast of ($0.10). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.10) per share.

Separately, Scotiabank initiated coverage on NexGen Energy in a report on Monday, April 1st. They issued a “sector outperform” rating for the company.

NexGen Energy Stock Up 1.5 %

NexGen Energy stock opened at $8.29 on Friday. NexGen Energy has a fifty-two week low of $3.61 and a fifty-two week high of $8.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. The firm’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $7.12. The stock has a market cap of $4.47 billion, a PE ratio of 414.71 and a beta of 1.90.

NexGen Energy (NYSE:NXE) last posted its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05).

Institutional Trading of NexGen Energy

Several hedge funds have recently added to or reduced their stakes in NXE. Violich Capital Management Inc. lifted its stake in shares of NexGen Energy by 1.3% during the 1st quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after buying an additional 1,400 shares in the last quarter. HTLF Bank boosted its holdings in NexGen Energy by 1.6% during the 1st quarter. HTLF Bank now owns 126,426 shares of the company’s stock valued at $982,000 after acquiring an additional 2,000 shares during the period. Mackenzie Financial Corp increased its stake in shares of NexGen Energy by 1.3% in the third quarter. Mackenzie Financial Corp now owns 192,591 shares of the company’s stock worth $1,079,000 after buying an additional 2,550 shares during the period. Triasima Portfolio Management inc. raised its stake in shares of NexGen Energy by 1.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company’s stock valued at $1,744,000 after acquiring an additional 3,601 shares during the last quarter. Finally, Southland Equity Partners LLC lifted its holdings in NexGen Energy by 22.0% in the 1st quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock worth $166,000 after buying an additional 3,840 shares during the period. Institutional investors 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.