NexGen Energy FY2025 EPS Forecast Reduced by Stifel Canada

Key Points

• Stifel Canada has reduced its FY2025 earnings per share estimates for NexGen Energy from ($0.11) to ($0.15), indicating a more pessimistic outlook for the company's financial performance.
• NexGen Energy reported a quarterly earnings per share of ($0.06), which was below the consensus estimate of ($0.02), reflecting challenges in meeting investor expectations.
• Despite the negative earnings forecast, four analysts have rated the stock as a buy, suggesting potential confidence in the long-term prospects of NexGen Energy.

NexGen Energy (NYSE:NXE - Free Report) - Analysts at Stifel Canada cut their FY2025 earnings estimates for shares of NexGen Energy in a research report issued on Tuesday, July 29th. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings per share of ($0.15) for the year, down from their prior estimate of ($0.11). The consensus estimate for NexGen Energy's current full-year earnings is ($0.05) per share.

A number of other research analysts have also recently commented on NXE. Desjardins began coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating on the stock. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

NexGen Energy Trading Down 3.4%

Shares of NXE stock traded down $0.23 on Friday, hitting $6.48. 6,525,625 shares of the stock traded hands, compared to its average volume of 7,380,721. The firm's 50-day moving average price is $6.70 and its two-hundred day moving average price is $5.88. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04).

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NexGen Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock valued at $230,828,000 after purchasing an additional 501,952 shares during the period. L1 Capital Pty Ltd increased its stake in NexGen Energy by 11.8% in the 1st quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company's stock valued at $137,372,000 after buying an additional 3,226,055 shares during the period. Vanguard Group Inc. increased its stake in NexGen Energy by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock valued at $93,928,000 after buying an additional 520,279 shares during the period. Alps Advisors Inc. increased its stake in NexGen Energy by 8.3% in the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock valued at $76,535,000 after buying an additional 1,299,255 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in NexGen Energy by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after buying an additional 82,413 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

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.