NexGen Energy (NXE) to Release Quarterly Earnings on Friday

NexGen Energy (TSE:NXE) will be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect NexGen Energy to post earnings of C($0.04) per share for the quarter.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02.

NexGen Energy Trading Down 1.5 %

TSE NXE opened at C$10.09 on Friday. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.14. The company’s 50-day moving average price is C$9.01 and its 200-day moving average price is C$9.51. The stock has a market cap of C$5.70 billion, a PE ratio of 59.35 and a beta of 1.76. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09.

Analysts Set New Price Targets

Several analysts have recently weighed in on NXE shares. Raymond James decreased their price target on shares of NexGen Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Ventum Financial lifted their target price on NexGen Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Cormark dropped their price target on NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. National Bankshares lifted their price objective on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$13.38.

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.