Raymond James Boosts Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (TSE:NXE) – Investment analysts at Raymond James increased their FY2025 earnings estimates for NexGen Energy in a research note issued to investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings of ($0.09) per share for the year, up from their prior forecast of ($0.10). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share.

A number of other equities analysts have also commented on NXE. Royal Bank of Canada raised their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday. TD Securities cut their target price on shares of NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Scotiabank upped their price target on NexGen Energy from C$12.75 to C$14.00 in a research note on Wednesday. Cormark lifted their target price on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday. Finally, Haywood Securities increased their target price on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Trading Up 4.7 %

TSE NXE opened at C$12.20 on Friday. The firm has a market capitalization of C$6.89 billion, a P/E ratio of 71.76 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. The business has a fifty day simple moving average of C$9.66 and a 200 day simple moving average of C$9.48. NexGen Energy has a 12 month low of C$7.04 and a 12 month high of C$12.23.

NexGen Energy (TSE:NXE) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same quarter in the previous year, the company earned ($0.03) EPS.

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.