NexGen Energy Ltd. (TSE:NXE) to Post FY2024 Earnings of ($0.13) Per Share, Raymond James Forecasts

NexGen Energy Ltd. (TSE:NXE) – Analysts at Raymond James increased their FY2024 EPS estimates for NexGen Energy in a note issued to investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of ($0.13) for the year, up from their prior estimate of ($0.14). Raymond James currently has a “Outperform” rating and a $13.50 target price on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.06).

NXE has been the topic of several other research reports. Cormark upped their price objective on NexGen Energy from C$11.50 to C$13.75 in a research note on Thursday, February 8th. Eight Capital upped their price target on NexGen Energy from C$13.00 to C$21.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Scotiabank set a C$13.50 price objective on shares of NexGen Energy and gave the stock an “outperform” rating in a report on Monday, April 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$13.34.

NexGen Energy Stock Performance

Shares of NXE stock opened at C$11.33 on Friday. The stock has a market capitalization of C$6.11 billion, a price-to-earnings ratio of 70.81 and a beta of 1.82. NexGen Energy has a one year low of C$4.91 and a one year high of C$12.00. The company’s 50-day simple moving average is C$10.55 and its 200-day simple moving average is C$9.69. The company has a debt-to-equity ratio of 19.56, a quick ratio of 8.20 and a current ratio of 11.00.

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.