FY2024 EPS Estimates for NexGen Energy Lifted by Scotiabank

NexGen Energy Ltd. (NYSE:NXE) – Research analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of NexGen Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of ($0.06) for the year, up from their prior forecast of ($0.08). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.19) EPS.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period last year, the business earned ($0.04) EPS.

NexGen Energy Price Performance

NYSE NXE opened at $6.93 on Friday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 46.20 and a beta of 1.96. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.96. The company’s fifty day moving average price is $7.57 and its two-hundred day moving average price is $6.89.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXE. Sanctuary Advisors LLC bought a new position in shares of NexGen Energy in the 3rd quarter worth about $98,000. Barclays PLC raised its stake in NexGen Energy by 328.3% during the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after acquiring an additional 143,996 shares during the period. Toronto Dominion Bank lifted its holdings in NexGen Energy by 719.6% in the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock worth $1,176,000 after acquiring an additional 158,160 shares during the last quarter. Segra Capital Management LLC boosted its stake in NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after acquiring an additional 1,931,200 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of NexGen Energy during the third quarter valued at approximately $852,000. Institutional investors own 42.43% of the company’s stock.

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.