NexGen Energy (NYSE:NXE) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• NexGen reported EPS of ($0.03), beating the consensus estimate of ($0.04) by $0.01.
• Shares fell 2.8% to $12.11 on higher-than-average volume (6.07M vs. 5.24M average), trading near the 50‑day MA of $12.09 and within a 52‑week range of $5.16–$13.96.
• Analyst consensus is a Moderate Buy (4 Buys, 1 Hold, 1 Sell), and the company is advancing its high‑grade Rook I/Arrow uranium development project in Saskatchewan.

NexGen Energy (NYSE:NXE - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports.

NexGen Energy Trading Down 2.8%

Shares of NYSE:NXE traded down $0.35 during trading on Tuesday, hitting $12.11. 6,067,315 shares of the company's stock traded hands, compared to its average volume of 5,237,121. NexGen Energy has a 52 week low of $5.16 and a 52 week high of $13.96. The company has a 50-day moving average price of $12.09 and a 200-day moving average price of $10.70.

Wall Street Analysts Forecast Growth

NXE has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of NexGen Energy in a report on Thursday, January 22nd. UBS Group initiated coverage on NexGen Energy in a report on Thursday, March 5th. They set a "buy" rating on the stock. Finally, Raymond James Financial reiterated an "outperform" rating on shares of NexGen Energy in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of "Moderate Buy".

Hedge Funds Weigh In On NexGen Energy

Several institutional investors have recently modified their holdings of NXE. Jump Financial LLC bought a new stake in NexGen Energy in the 4th quarter valued at approximately $93,000. First Trust Advisors LP bought a new stake in NexGen Energy in the 3rd quarter valued at approximately $94,000. Wright Wealth LLC bought a new stake in NexGen Energy in the 4th quarter valued at approximately $97,000. Flow Traders U.S. LLC bought a new stake in NexGen Energy in the 2nd quarter valued at approximately $76,000. Finally, Brevan Howard Capital Management LP bought a new stake in NexGen Energy in the 3rd quarter valued at approximately $112,000. Institutional investors own 42.43% of the company's stock.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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