NexGen Energy (NXE) to Release Quarterly Earnings on Friday

NexGen Energy (NYSE:NXE) is scheduled to release its earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same period in the prior year, the business earned ($0.03) earnings per share. 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 Trading Down 1.8 %

NYSE:NXE opened at $7.23 on Friday. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 724.22 and a beta of 1.91. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.88. The business’s 50-day moving average price is $6.64 and its two-hundred day moving average price is $6.90.

Wall Street Analysts Forecast Growth

NXE has been the topic of several analyst reports. National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $11.00.

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.