NexGen Energy FY2024 EPS Lifted by National Bank Financial

NexGen Energy Ltd. (NYSE:NXE) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of NexGen Energy in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of ($0.04) per share for the year, up from their previous forecast of ($0.08). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS, FY2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.10) EPS.

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

NexGen Energy Stock Up 1.7 %

NXE stock opened at $8.88 on Friday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 59.20 and a beta of 1.90. The business has a fifty day simple moving average of $7.22 and a 200-day simple moving average of $6.86. NexGen Energy has a 52 week low of $4.95 and a 52 week high of $8.96.

Institutional Investors Weigh In On NexGen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after purchasing an additional 143,996 shares during the period. Toronto Dominion Bank lifted its position in NexGen Energy by 719.6% during the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after buying an additional 158,160 shares in the last quarter. Segra Capital Management LLC increased its position in shares of NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after acquiring an additional 1,931,200 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of NexGen Energy in the 3rd quarter valued at $852,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of NexGen Energy during the 3rd quarter valued at $796,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

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.