NexGen Energy (NXE) Set to Announce Earnings on Friday

NexGen Energy (NYSE:NXE) will be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect NexGen Energy to post earnings of ($0.03) per share for the quarter.

NexGen Energy (NYSE:NXE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same period last year, the business earned ($0.03) earnings per share. On average, analysts expect NexGen Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NexGen Energy Stock Performance

NXE stock opened at $7.23 on Friday. The stock’s fifty day moving average is $6.64 and its two-hundred day moving average is $6.90. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.88. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 724.22 and a beta of 1.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of $11.00.

NexGen Energy Company Profile

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.