NexGen Energy FY2024 EPS Lifted by National Bank Financial

NexGen Energy Ltd. (NYSE:NXE) – Equities researchers at National Bank Financial upped their FY2024 EPS estimates for NexGen Energy in a report issued on Tuesday, November 19th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of ($0.04) for the year, up from their prior estimate of ($0.08). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for NexGen Energy’s current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS, FY2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.10) EPS.

NexGen Energy Trading Up 4.7 %

NYSE:NXE opened at $8.73 on Friday. NexGen Energy has a twelve month low of $4.95 and a twelve month high of $8.88. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 58.17 and a beta of 1.90. The firm’s fifty day simple moving average is $7.15 and its 200 day simple moving average is $6.88.

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

Institutional Investors Weigh In On NexGen Energy

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in NexGen Energy by 5,020.5% during the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after purchasing an additional 15,905,444 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after buying an additional 6,317,538 shares during the last quarter. Mountaineer Partners Management LLC grew its position in shares of NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after buying an additional 3,107,214 shares in the last quarter. Segra Capital Management LLC increased its stake in shares of NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after buying an additional 1,931,200 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in NexGen Energy by 50.5% in the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after acquiring an additional 1,582,705 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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.