Analysts Set Expectations for NexGen Energy FY2027 Earnings

NexGen Energy Ltd. (NYSE:NXE) – Ventum Cap Mkts lifted their FY2027 earnings estimates for NexGen Energy in a report issued on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will post earnings per share of ($0.06) for the year, up from their prior forecast of ($0.14). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.05) per share. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2028 earnings at ($0.13) EPS.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus started coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy currently has a consensus rating of “Strong Buy”.

NexGen Energy Stock Performance

Shares of NXE stock opened at $4.69 on Monday. NexGen Energy has a 52-week low of $4.44 and a 52-week high of $8.96. The company has a 50-day simple moving average of $6.13 and a two-hundred day simple moving average of $6.78. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 31.24 and a beta of 1.97.

Institutional Investors Weigh In On NexGen Energy

Large investors have recently modified their holdings of the stock. Old West Investment Management LLC grew its holdings in NexGen Energy by 61.4% during the third quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company’s stock valued at $7,464,000 after purchasing an additional 434,670 shares during the period. CIBC Asset Management Inc grew its stake in shares of NexGen Energy by 13.4% during the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock worth $6,043,000 after acquiring an additional 109,754 shares during the period. Natixis Advisors LLC grew its stake in shares of NexGen Energy by 39.2% during the 3rd quarter. Natixis Advisors LLC now owns 57,820 shares of the company’s stock worth $378,000 after acquiring an additional 16,296 shares during the period. Swiss National Bank increased its holdings in NexGen Energy by 3.3% in the 3rd quarter. Swiss National Bank now owns 1,048,900 shares of the company’s stock worth $6,851,000 after acquiring an additional 33,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in NexGen Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company’s stock valued at $6,519,000 after acquiring an additional 19,718 shares during the period. Hedge funds and other 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.