Analysts Set Expectations for NexGen Energy FY2025 Earnings

NexGen Energy (NYSE:NXE) – Equities research analysts at Stifel Canada decreased their FY2025 earnings estimates for NexGen Energy in a research note issued on Wednesday, August 6th. Stifel Canada analyst R. Profiti now forecasts that the company will post earnings per share of ($0.23) for the year, down from their previous estimate of ($0.15). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Stifel Canada also issued estimates for NexGen Energy’s FY2029 earnings at ($0.29) EPS.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08).

Several other research analysts have also recently issued reports on NXE. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a “buy” rating on the stock. TD Securities restated a “buy” rating on shares of NexGen Energy in a report on Friday. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

NexGen Energy Stock Performance

NXE stock opened at $6.84 on Monday. The company has a market capitalization of $3.90 billion, a PE ratio of -27.34 and a beta of 1.45. NexGen Energy has a one year low of $3.91 and a one year high of $8.96. The company’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $5.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in NexGen Energy by 16.9% in the fourth quarter. Bank of America Corp DE now owns 1,995,608 shares of the company’s stock valued at $13,171,000 after acquiring an additional 288,102 shares in the last quarter. Cetera Investment Advisers boosted its holdings in NexGen Energy by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock valued at $690,000 after acquiring an additional 2,648 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in NexGen Energy by 11.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company’s stock valued at $178,000 after acquiring an additional 4,075 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in NexGen Energy by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 2,021,300 shares of the company’s stock valued at $9,076,000 after acquiring an additional 144,742 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in NexGen Energy by 64.1% in the first quarter. Envestnet Asset Management Inc. now owns 202,953 shares of the company’s stock valued at $911,000 after acquiring an additional 79,314 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

About NexGen Energy

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.