NXE vs. EU, IPX, NMG, LITM, FMST, CCJ, CE, IP, BG, and CF
Should you be buying NexGen Energy stock or one of its competitors? The main competitors of NexGen Energy include enCore Energy (EU), IperionX (IPX), Nouveau Monde Graphite (NMG), Snow Lake Resources (LITM), Foremost Lithium Resource & Technology (FMST), Cameco (CCJ), Celanese (CE), International Paper (IP), Bunge Global (BG), and CF Industries (CF).
NexGen Energy (NYSE:NXE) and enCore Energy (NASDAQ:EU) are both basic materials companies, but which is the better business? We will compare the two businesses based on the strength of their risk, media sentiment, valuation, institutional ownership, earnings, community ranking, dividends, profitability and analyst recommendations.
NexGen Energy has a beta of 1.9, meaning that its share price is 90% more volatile than the S&P 500. Comparatively, enCore Energy has a beta of 0.07, meaning that its share price is 93% less volatile than the S&P 500.
42.4% of NexGen Energy shares are held by institutional investors. Comparatively, 20.9% of enCore Energy shares are held by institutional investors. 5.6% of NexGen Energy shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
enCore Energy received 2 more outperform votes than NexGen Energy when rated by MarketBeat users.
enCore Energy's return on equity of -6.37% beat NexGen Energy's return on equity.
In the previous week, NexGen Energy had 4 more articles in the media than enCore Energy. MarketBeat recorded 8 mentions for NexGen Energy and 4 mentions for enCore Energy. enCore Energy's average media sentiment score of 0.96 beat NexGen Energy's score of 0.28 indicating that enCore Energy is being referred to more favorably in the news media.
NexGen Energy presently has a consensus target price of $11.00, suggesting a potential upside of 41.39%. enCore Energy has a consensus target price of $6.75, suggesting a potential upside of 39.18%. Given NexGen Energy's stronger consensus rating and higher possible upside, research analysts clearly believe NexGen Energy is more favorable than enCore Energy.
NexGen Energy is trading at a lower price-to-earnings ratio than enCore Energy, indicating that it is currently the more affordable of the two stocks.
Summary
NexGen Energy beats enCore Energy on 9 of the 14 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NXE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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