Ventum Cap Mkts upgraded shares of NexGen Energy (TSE:NXE – Free Report) to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2024 earnings at ($0.18) EPS, FY2025 earnings at ($0.08) EPS, FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.13) EPS.
Several other analysts also recently issued reports on NXE. Scotiabank set a C$13.50 price objective on NexGen Energy and gave the company an outperform rating in a research report on Monday, April 1st. Haywood Securities upgraded NexGen Energy to a strong-buy rating in a research report on Friday, May 17th. Ventum Financial reduced their target price on NexGen Energy from C$12.50 to C$12.00 in a research report on Monday. Finally, Raymond James reduced their target price on NexGen Energy from C$13.50 to C$13.00 in a research report on Thursday, May 9th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$13.14.
View Our Latest Report on NexGen Energy
NexGen Energy Stock Up 1.0 %
NexGen Energy (TSE:NXE – Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.02). As a group, equities research analysts forecast that NexGen Energy will post -0.07 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other NexGen Energy news, Director Richard J. Patricio sold 175,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. 8.23% of the stock is currently owned by insiders.
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.
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