NexGen Energy (TSE:NXE) Upgraded at Ventum Cap Mkts

Market Beat
2024.07.09 11:52
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NexGen Energy (TSE:NXE) has been upgraded to a "strong-buy" rating by Ventum Cap Mkts. The company's estimated FY2026 earnings are ($0.07) EPS and FY2027 earnings are ($0.13) EPS. The stock has an average rating of "Buy" and an average target price of C$13.14. NexGen Energy is an exploration and development stage company focused on uranium properties in Canada.

NexGen Energy (TSE:NXE - Get Free Report) was upgraded by stock analysts at Ventum Cap Mkts to a "strong-buy" rating in a report issued on Monday, Zacks.com reports. Ventum Cap Mkts also issued estimates for NexGen Energy's FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.13) EPS.

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NXE has been the topic of several other reports. Raymond James cut their target price on NexGen Energy from C$13.50 to C$13.00 in a research report on Thursday, May 9th. Haywood Securities raised NexGen Energy to a "strong-buy" rating in a report on Friday, May 17th. Ventum Financial decreased their target price on NexGen Energy from C$12.50 to C$12.00 in a report on Monday. Finally, Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the stock an "outperform" rating in a report on Monday, April 1st. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NexGen Energy currently has an average rating of "Buy" and an average target price of C$13.14.

View Our Latest Stock Analysis on NexGen Energy

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at C$9.36 on Monday. The company has a debt-to-equity ratio of 19.12, a quick ratio of 8.20 and a current ratio of 1.96. The company has a market capitalization of C$5.24 billion, a PE ratio of 85.09 and a beta of 1.82. The company has a 50-day simple moving average of C$10.18 and a two-hundred day simple moving average of C$10.17. NexGen Energy has a one year low of C$5.91 and a one year high of C$12.14.

NexGen Energy (TSE:NXE - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.02). Research analysts expect that NexGen Energy will post -0.07 EPS for the current fiscal year.

Insider Transactions at NexGen Energy

In related news, Director Richard J. Patricio sold 175,000 shares of the business's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total value of C$1,692,285.00. Corporate insiders own 8.23% of the company's stock.

NexGen Energy Company Profile

(Get Free Report)

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.

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