Should I buy or sell NexGen Energy stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexGen Energy in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NXE shares. View NXE analyst ratings or view top-rated stocks .

What is NexGen Energy's stock price target for 2024?

1 brokerages have issued 1-year target prices for NexGen Energy's stock. Their NXE share price targets range from $11.00 to $11.00. On average, they expect the company's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 70.3% from the stock's current price. View analysts price targets for NXE or view top-rated stocks among Wall Street analysts .

How have NXE shares performed in 2023?

NexGen Energy's stock was trading at $4.40 at the start of the year. Since then, NXE stock has increased by 46.8% and is now trading at $6.46. View the best growth stocks for 2023 here .

When is NexGen Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our NXE earnings forecast .

How were NexGen Energy's earnings last quarter?

NexGen Energy Ltd. (NYSE:NXE) announced its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.03.

What other stocks do shareholders of NexGen Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NexGen Energy investors own include Zuora (ZUO) , Invesco DB US Dollar Index Bullish Fund (UUP) , Sorrento Therapeutics (SRNE) , Riot Platforms (RIOT) , Plug Power (PLUG) , MicroVision (MVIS) , Marathon Digital (MARA) , Hecla Mining (HL) , Corbus Pharmaceuticals (CRBP) and Coeur Mining (CDE) .

Who are NexGen Energy's major shareholders?

NexGen Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (4.55%), L1 Capital Pty Ltd (4.18%), Alps Advisors Inc. (2.36%), FMR LLC (2.24%), Bank of New York Mellon Corp (1.05%) and Old West Investment Management LLC (0.66%). View institutional ownership trends .

How do I buy shares of NexGen Energy?

Shares of NXE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

NexGen Energy Stock Price, News & Analysis (NYSE:NXE)

$6.46

-0.08 (-1.22%)

(As of 12/1/2023 ET)

Compare

Today's Range: $6.46
▼
$6.68
50-Day Range: $5.50
▼
$6.76
52-Week Range: $3.49
▼
$6.82

Volume: 3.63 million shs
Average Volume: 5.15 million shs
Market Capitalization: $3.37 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.00

NexGen Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 70.3% Upside
$11.00 Price Target
Short Interest: Bearish
7.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.54
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.13) to ($0.10) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Basic Materials Sector

123rd out of 170 stocks

Miscellaneous Metal Ores Industry

2nd out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
NexGen Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.00, NexGen Energy has a forecasted upside of 70.3% from its current price of $6.46.
Amount of Analyst Coverage
NexGen Energy has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.40% of the float of NexGen Energy has been sold short.
Short Interest Ratio / Days to Cover
NexGen Energy has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in NexGen Energy has recently increased by 11.11%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
NexGen Energy does not currently pay a dividend.
Dividend Growth
NexGen Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NXE.

3.6

News and Social Media Coverage

News Sentiment
NexGen Energy has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.33 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for NexGen Energy this week, compared to 1 article on an average week.
Search Interest
11 people have searched for NXE on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
9 people have added NexGen Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NexGen Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.60% of the stock of NexGen Energy is held by insiders.
Percentage Held by Institutions
Only 29.46% of the stock of NexGen Energy is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for NexGen Energy are expected to grow in the coming year, from ($0.13) to ($0.10) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NexGen Energy is -28.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of NexGen Energy is -28.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
NexGen Energy has a P/B Ratio of 6.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NexGen Energy Stock (NYSE:NXE)

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. The company is headquartered in Vancouver, Canada.

NXE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NXE Stock News Headlines

November 29, 2023 | msn.com

The $3,000 TSX Investment Strategy for Ultimate Growth

November 29, 2023 | americanbankingnews.com

NexGen Energy (NYSE:NXE) Price Target Raised to $11.00 at Royal Bank of Canada

December 2, 2023 | DTI Trader (Ad)

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You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 16, 2023 | finance.yahoo.com

Bullish NexGen Energy Insiders Loaded Up On CA$2.78m Of Stock

November 9, 2023 | msn.com

Canada's NexGen receives environmental assessment approval for uranium project

November 9, 2023 | finance.yahoo.com

NexGen Receives Provincial Environmental Assessment Approval for the Rook I Project

October 29, 2023 | finance.yahoo.com

Hedge Funds Pile Into Uranium Stocks Poised for ‘Dramatic’ Gains

October 19, 2023 | finance.yahoo.com

NexGen Aims to Be Canadian Uranium Player

December 2, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

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October 11, 2023 | msn.com

Wall Street Analysts Predict a 41.82% Upside in NexGen Energy (NXE): Here's What You Should Know

October 11, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 41.82% Upside in NexGen Energy (NXE): Here's What You Should Know

October 6, 2023 | nasdaq.com

NexGen Energy (TSXV:NXE) Price Target Increased by 8.02% to 10.88

September 29, 2023 | markets.businessinsider.com

Raymond James Remains a Buy on NexGen Energy (NXE)

September 25, 2023 | proactiveinvestors.com

Potential uranium takeover target NexGen Energy closes $110M financing

September 22, 2023 | juniorminingnetwork.com

NexGen Energy Closes US$110 Million Strategic Convertible Debenture Financing

September 22, 2023 | finance.yahoo.com

NexGen Closes US$110 Million Strategic Convertible Debenture Financing

September 15, 2023 | finance.yahoo.com

Why Shares of Uranium Energy and NexGen Energy Popped Over 16% This Week

September 12, 2023 | markets.businessinsider.com

3 Uranium Stocks to Buy as Nuclear Energy Regains Popularity

September 5, 2023 | ca.finance.yahoo.com

This Stock Just Hit $7.18 Today, and it’s Poised for Takeoff

September 1, 2023 | theglobeandmail.com

Queen's Road Capital Announces US$70 million Investment in NexGen Energy Ltd.

August 29, 2023 | msn.com

Canada shares higher at close of trade; S&P/TSX Composite up 1.32%

August 29, 2023 | finance.yahoo.com

NexGen Announces the Appointment of Ben Salter as Chief Financial Officer & Tracy Primeau as Special Advisor

August 22, 2023 | theglobeandmail.com

Closing Bell: Nexgen Energy Ltd up on Tuesday (NXE)

August 21, 2023 | ca.finance.yahoo.com

NexGen Hits 52-Week High Project News

August 21, 2023 | msn.com

NexGen Energy submits final environmental impact statement for Rook I project

August 17, 2023 | finance.yahoo.com

Individual investors account for 59% of NexGen Energy Ltd.'s (TSE:NXE) ownership, while institutions account for 39%

August 11, 2023 | msn.com

Nexgen Energy: Little Progress Towards Construction, Fairly Valued, Reiterate Hold

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/02/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous metal ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:NXE
CUSIP: N/A
CIK: 1698535
Web: www.nexgenenergy.ca
Phone: 604-428-4112
Fax: 604-259-0321
Employees: 56
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.00
High Stock Price Target: $11.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +70.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-43,530,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -13.21%
Return on Assets: -10.61%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 13.66
Quick Ratio: 13.66

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.95 per share
Price / Book: 6.80

Miscellaneous

Outstanding Shares: 522,270,000
Free Float: 493,026,000
Market Cap: $3.37 billion
Optionable: Optionable
Beta: 1.86

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Key Executives

Mr. Leigh Robert Curyer ACA (Age 51)
BA (Acc), Founder, President, CEO & Director
Comp: $1.11M
Ms. Gillian A. McCombie
Vice President of Human Resources
Mr. Travis G. McPherson
Chief Commercial Officer
Mr. Luke Moger
Vice President of Permitting & Licensing
Mr. Benjamin Salter
Chief Financial Officer
Mr. Kevin Small B.Sc.
P.Eng., Senior Vice President of Engineering & Operations
Ms. Mary Fraser
Vice President of Communications
Ms. Monica Kras
Vice President of Corporate Development
Mr. Grant Greenwood
Vice President of Exploration

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NXE Stock Analysis - Frequently Asked Questions

Should I buy or sell NexGen Energy stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexGen Energy in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NXE shares.
View NXE analyst ratings or view top-rated stocks.
What is NexGen Energy's stock price target for 2024?: 1 brokerages have issued 1-year target prices for NexGen Energy's stock. Their NXE share price targets range from $11.00 to $11.00. On average, they expect the company's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 70.3% from the stock's current price.
View analysts price targets for NXE or view top-rated stocks among Wall Street analysts.
How have NXE shares performed in 2023?: NexGen Energy's stock was trading at $4.40 at the start of the year. Since then, NXE stock has increased by 46.8% and is now trading at $6.46.
View the best growth stocks for 2023 here.
When is NexGen Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our NXE earnings forecast.

How were NexGen Energy's earnings last quarter?: NexGen Energy Ltd. (NYSE:NXE) announced its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.03.
What other stocks do shareholders of NexGen Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NexGen Energy investors own include Zuora (ZUO), Invesco DB US Dollar Index Bullish Fund (UUP), Sorrento Therapeutics (SRNE), Riot Platforms (RIOT), Plug Power (PLUG), MicroVision (MVIS), Marathon Digital (MARA), Hecla Mining (HL), Corbus Pharmaceuticals (CRBP) and Coeur Mining (CDE).
Who are NexGen Energy's major shareholders?: NexGen Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (4.55%), L1 Capital Pty Ltd (4.18%), Alps Advisors Inc. (2.36%), FMR LLC (2.24%), Bank of New York Mellon Corp (1.05%) and Old West Investment Management LLC (0.66%).
View institutional ownership trends.
How do I buy shares of NexGen Energy?: Shares of NXE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NXE) was last updated on 12/2/2023 by MarketBeat.com Staff

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