NexGen Energy (NYSE:NXE) Posts Earnings Results, Misses Expectations By $0.04 EPS

NexGen Energy (NYSE:NXE) posted its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports.

NexGen Energy Trading Up 6.0%

NXE stock traded up $0.50 on Monday, hitting $8.75. The company had a trading volume of 6,178,845 shares, compared to its average volume of 6,469,645. NexGen Energy has a 12-month low of $7.33 and a 12-month high of $13.96. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -21.87 and a beta of 1.43. The stock’s 50-day simple moving average is $9.11 and its 200 day simple moving average is $10.66.

Analyst Ratings Changes

Several equities research analysts have commented on NXE shares. Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, October 25th. JPMorgan Chase & Co. assumed coverage on NexGen Energy in a research note on Monday, September 21st. They issued an “overweight” rating and a $14.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. Finally, Jefferies Financial Group assumed coverage on NexGen Energy in a report on Thursday, September 3rd. They set a “buy” rating for the company. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.00.

NexGen Energy Company Profile

NexGen Energy is a Canadian uranium exploration and development company focused on advancing uranium projects toward potential production. Its activities include mineral exploration, project planning, engineering and permitting.

The company’s flagship asset is the Rook I Project in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Rook I contains the Arrow deposit, which NexGen is working to develop as a potential uranium mine.

NexGen’s operations are centered in Canada.