NexGen Energy Ltd. (NYSE:NXE - Free Report) - Research analysts at Raymond James lifted their FY2024 earnings estimates for NexGen Energy in a note issued to investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of ($0.09) for the year, up from their previous estimate of ($0.10). The consensus estimate for NexGen Energy's current full-year earnings is ($0.10) per share.
NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05).
Separately, Scotiabank started coverage on NexGen Energy in a research report on Monday, April 1st. They issued a "sector outperform" rating for the company.
Read Our Latest Research Report on NexGen Energy
NexGen Energy Trading Up 1.5 %
Shares of NYSE:NXE traded up $0.12 during trading on Friday, reaching $8.29. The company's stock had a trading volume of 5,313,608 shares, compared to its average volume of 6,387,505. The stock has a market capitalization of $4.47 billion, a PE ratio of 414.71 and a beta of 1.90. NexGen Energy has a 12 month low of $3.61 and a 12 month high of $8.88. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm's 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $7.12.
Institutional Investors Weigh In On NexGen Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in NexGen Energy in the 3rd quarter valued at $28,000. Financial Security Advisor Inc. purchased a new position in NexGen Energy in the 3rd quarter worth about $61,000. Anchor Investment Management LLC bought a new stake in NexGen Energy during the 4th quarter valued at about $63,000. Clear Street Markets LLC purchased a new stake in NexGen Energy in the 3rd quarter valued at about $65,000. Finally, Spartan Fund Management Inc. purchased a new stake in NexGen Energy in the 4th quarter valued at about $86,000. 42.43% of the stock is currently owned by hedge funds and other 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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