FY2025 EPS Estimates for NexGen Energy Cut by Stifel Canada

Key Points

• Stifel Canada has revised its FY2025 earnings per share (EPS) estimates for NexGen Energy to ($0.23), down from a previous estimate of ($0.15), while the consensus estimate stands at ($0.05).
• Desjardins has initiated coverage of NexGen Energy with a "buy" rating, contributing to a general positive outlook as the company currently holds an average rating of "Buy" from analysts.
• NexGen Energy reported a quarterly EPS of ($0.10), missing consensus estimates of ($0.02) by ($0.08), highlighting challenges in achieving profitability.

NexGen Energy (NYSE:NXE - Free Report) - Equities research analysts at Stifel Canada cut their FY2025 earnings per share (EPS) estimates for NexGen Energy in a report released on Wednesday, August 6th. Stifel Canada analyst R. Profiti now forecasts that the company will earn ($0.23) per share for the year, down from their prior forecast of ($0.15). The consensus estimate for NexGen Energy's current full-year earnings is ($0.05) per share. Stifel Canada also issued estimates for NexGen Energy's FY2029 earnings at ($0.29) EPS.

Separately, Desjardins started coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

NexGen Energy Price Performance

NYSE:NXE opened at $6.88 on Monday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The business has a 50 day moving average of $6.76 and a 200 day moving average of $5.85. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -27.52 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08).

Institutional Investors Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compound Planning Inc. bought a new stake in NexGen Energy in the 1st quarter worth $46,000. Altshuler Shaham Ltd purchased a new stake in shares of NexGen Energy during the fourth quarter worth about $51,000. PenderFund Capital Management Ltd. grew its stake in shares of NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after purchasing an additional 3,600 shares during the last quarter. Ground Swell Capital LLC purchased a new position in NexGen Energy during the 1st quarter valued at about $55,000. Finally, Canton Hathaway LLC bought a new position in NexGen Energy during the 2nd quarter valued at approximately $57,000. Institutional investors own 42.43% of the company's stock.

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.

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