Ventum Cap Mkts Raises Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (TSE:NXE) – Equities researchers at Ventum Cap Mkts raised their FY2027 earnings per share (EPS) estimates for NexGen Energy in a note issued to investors on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will earn ($0.08) per share for the year, up from their previous estimate of ($0.19). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2028 earnings at ($0.18) EPS.

NXE has been the subject of several other research reports. Raymond James lifted their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Cormark lifted their price objective on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Scotiabank dropped their price target on shares of NexGen Energy from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Stifel Canada raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Six analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$13.28.

NexGen Energy Trading Up 2.5 %

Shares of NexGen Energy stock opened at C$6.90 on Monday. The stock has a market capitalization of C$3.90 billion, a PE ratio of 26.42 and a beta of 1.76. NexGen Energy has a 52 week low of C$6.44 and a 52 week high of C$12.51. The stock has a 50 day moving average price of C$8.72 and a two-hundred day moving average price of C$9.45. The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16.

Insider Activity

In other NexGen Energy news, Director Leigh Robert Curyer bought 1,500,000 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is currently owned by corporate insiders.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.