NexGen Energy Ltd. (NYSE:NXE - Free Report) - Analysts at Stifel Canada reduced their FY2027 earnings per share estimates for NexGen Energy in a research report issued to clients and investors on Tuesday, May 27th. Stifel Canada analyst R. Profiti now forecasts that the company will post earnings of ($0.24) per share for the year, down from their prior estimate of ($0.23). Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for NexGen Energy's current full-year earnings is ($0.05) per share.
Several other equities research analysts have also weighed in on the stock. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, NexGen Energy currently has a consensus rating of "Strong Buy".
Read Our Latest Stock Analysis on NXE
NexGen Energy Trading Down 0.3%
NYSE NXE traded down $0.02 on Friday, reaching $6.18. The company's stock had a trading volume of 11,987,613 shares, compared to its average volume of 7,153,537. The firm has a market cap of $3.52 billion, a PE ratio of 41.20 and a beta of 1.50. The business has a 50-day moving average price of $5.12 and a 200 day moving average price of $6.13. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96.
NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly 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 Trading of NexGen Energy
Several hedge funds have recently modified their holdings of NXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NexGen Energy by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock valued at $230,828,000 after buying an additional 501,952 shares during the last quarter. L1 Capital Pty Ltd boosted its holdings in NexGen Energy by 11.8% in the first quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company's stock valued at $137,372,000 after acquiring an additional 3,226,055 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NexGen Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock valued at $93,928,000 after acquiring an additional 520,279 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of 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 purchasing an additional 1,299,255 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of 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 purchasing an additional 82,413 shares during the last quarter. 42.43% of the stock is owned by institutional investors.
About NexGen Energy
(
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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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