Ventum Cap Mkts Boosts Earnings Estimates for NexGen Energy

NexGen Energy Ltd. (NYSE:NXE) – Ventum Cap Mkts raised their FY2027 earnings estimates for shares of NexGen Energy in a research note issued on Wednesday, March 12th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings of ($0.06) per share for the year, up from their previous 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.

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

NexGen Energy Price Performance

NYSE:NXE opened at $4.82 on Monday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 32.10 and a beta of 1.97. The company has a 50 day moving average price of $6.03 and a 200-day moving average price of $6.76. NexGen Energy has a 1-year low of $4.44 and a 1-year high of $8.96.

Institutional Investors Weigh In On NexGen Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock valued at $101,000 after acquiring an additional 1,500 shares during the period. Invesco Ltd. boosted its stake in NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after purchasing an additional 1,656 shares during the last quarter. Cetera Investment Advisers boosted its stake in NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company’s stock worth $690,000 after purchasing an additional 2,648 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in NexGen Energy by 14.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in NexGen Energy by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after purchasing an additional 3,473 shares during the last quarter. Institutional investors and hedge funds 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.