NexGen Energy (NYSE:NXE) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

NexGen Energy (NYSE:NXE) issued its quarterly earnings results on Monday. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04), Zacks reports.

NexGen Energy Stock Up 6.0%

NexGen Energy stock opened at $8.75 on Tuesday. NexGen Energy has a one year low of $7.33 and a one year high of $13.96. The business has a fifty day moving average price of $9.08 and a 200-day moving average price of $10.64.

Analysts Set New Price Targets

Several analysts have commented on NXE shares. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. Jefferies Financial Group started coverage on NexGen Energy in a report on Thursday, September 3rd. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. started coverage on NexGen Energy in a research report on Monday, September 21st. They set an “overweight” rating and a $14.00 price target on the stock. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

NexGen Energy Company Profile

NexGen Energy is a Canadian uranium exploration and development company focused on advancing uranium projects toward potential production. Its activities include mineral exploration, project planning, engineering and permitting.

The company’s flagship asset is the Rook I Project in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Rook I contains the Arrow deposit, which NexGen is working to develop as a potential uranium mine.

NexGen’s operations are centered in Canada.