FY2027 EPS Estimates for NexGen Energy Lifted by Analyst

NexGen Energy Ltd. (NYSE:NXE) – Research analysts at Ventum Cap Mkts increased their FY2027 earnings per share estimates for shares of NexGen Energy in a note issued to investors on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will earn ($0.06) per share for the year, up from their previous estimate of ($0.14). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2028 earnings at ($0.13) EPS.

A number of other research analysts also recently commented on the stock. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

NexGen Energy Price Performance

NXE stock opened at $4.82 on Monday. NexGen Energy has a 1-year low of $4.44 and a 1-year high of $8.96. The business has a 50-day moving average price of $6.07 and a 200 day moving average price of $6.77. The company has a market capitalization of $2.74 billion, a P/E ratio of 32.10 and a beta of 1.97.

Institutional Trading of NexGen Energy

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock valued at $101,000 after purchasing an additional 1,500 shares during the last quarter. Invesco Ltd. increased its position in NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock valued at $174,000 after buying an additional 1,656 shares in the last quarter. Cetera Investment Advisers raised its stake in NexGen Energy by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock valued at $690,000 after buying an additional 2,648 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of NexGen Energy by 22.8% during the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors.

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.