NexGen Energy Ltd. (NYSE:NXE - Free Report) - Research analysts at Stifel Canada cut their FY2027 earnings per share (EPS) estimates for shares of 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.
NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04).
Other research analysts have also issued reports about the company. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. 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 data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".
Read Our Latest Stock Report on NXE
NexGen Energy Price Performance
NYSE NXE traded up $0.39 on Friday, reaching $6.41. The stock had a trading volume of 10,401,535 shares, compared to its average volume of 9,692,453. The firm has a fifty day moving average of $5.14 and a two-hundred day moving average of $6.10. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The company has a market cap of $3.65 billion, a P/E ratio of 42.74 and a beta of 1.50.
Institutional Trading of NexGen Energy
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after acquiring an additional 3,700 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of NexGen Energy during the 4th quarter valued at $51,000. Compound Planning Inc. bought a new stake in shares of NexGen Energy during the 1st quarter valued at $46,000. Mariner LLC bought a new stake in shares of NexGen Energy during the 4th quarter valued at $68,000. Finally, PenderFund Capital Management Ltd. lifted its position in shares of NexGen Energy by 45.0% during the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock valued at $52,000 after acquiring an additional 3,600 shares during the period. 42.43% of the stock is currently owned by institutional investors.
About NexGen Energy
(
Get Free Report)
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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