NexGen Energy (NXE) Set to Announce Quarterly Earnings on Wednesday

Posted by Grant Hamersma on Aug 5th, 2024

NexGen Energy (NYSE:NXE – Get Free Report) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect NexGen Energy to post earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). On average, analysts expect NexGen Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NexGen Energy Price Performance

NXE stock traded down $0.35 during mid-day trading on Monday, reaching $5.20. 4,041,904 shares of the company’s stock were exchanged, compared to its average volume of 5,865,244. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -555.00 and a beta of 1.93. The stock’s 50 day moving average is $6.96 and its 200 day moving average is $7.43. NexGen Energy has a 12-month low of $4.62 and a 12-month high of $8.88.

Analysts Set New Price Targets

Several research firms recently commented on NXE. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

View Our Latest Research Report on NexGen Energy

NexGen Energy Company Profile

(Get Free Report)

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.