FY2024 Earnings Forecast for NexGen Energy Ltd. Issued By Raymond James (TSE:NXE)

NexGen Energy Ltd. (TSE:NXE) – Stock analysts at Raymond James lifted their FY2024 earnings per share estimates for shares of NexGen Energy in a research report issued to clients and investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of ($0.13) per share for the year, up from their previous estimate of ($0.14). Raymond James has a “Outperform” rating and a $13.50 price objective on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

Other equities analysts have also issued reports about the stock. Scotiabank set a C$13.50 target price on shares of NexGen Energy and gave the stock an “outperform” rating in a research report on Monday, April 1st. Eight Capital boosted their price objective on shares of NexGen Energy from C$13.00 to C$21.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Finally, Cormark increased their price objective on NexGen Energy from C$11.50 to C$13.75 in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Buy” and an average price target of C$13.34.

NexGen Energy Stock Up 1.3 %

Shares of TSE:NXE opened at C$11.33 on Friday. The company has a quick ratio of 8.20, a current ratio of 11.00 and a debt-to-equity ratio of 19.56. The firm has a market cap of C$6.11 billion, a P/E ratio of 70.81 and a beta of 1.82. NexGen Energy has a 12 month low of C$4.91 and a 12 month high of C$12.00. The company’s 50-day moving average price is C$10.55 and its two-hundred day moving average price is C$9.69.

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

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.