NexGen Energy FY2025 EPS Estimate Boosted by Raymond James

NexGen Energy Ltd. (NYSE:NXE) – Equities researchers at Raymond James boosted their FY2025 EPS estimates for shares of NexGen Energy in a note issued to investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of ($0.06) per share for the year, up from their previous estimate of ($0.07). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.06) per share.

NexGen Energy (NYSE:NXE) last posted its 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 quarter in the previous year, the company posted ($0.04) earnings per share.

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy” and a consensus target price of $11.00.

NexGen Energy Price Performance

Shares of NXE opened at $8.88 on Friday. The business has a 50-day moving average of $7.22 and a 200-day moving average of $6.88. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 59.20 and a beta of 1.90. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.96.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC raised its holdings in shares of NexGen Energy by 2.3% in the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after purchasing an additional 1,874 shares during the period. New Harbor Financial Group LLC raised its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares during the period. Investment Management Corp of Ontario raised its stake in shares of NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after buying an additional 3,200 shares during the period. Stanley Laman Group Ltd. lifted its position in shares of NexGen Energy by 0.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after buying an additional 3,315 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of NexGen Energy by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock worth $153,000 after acquiring an additional 4,338 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

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.