NexGen Energy (NXE) Scheduled to Post Quarterly Earnings on Tuesday

NexGen Energy (TSE:NXE) is set to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect NexGen Energy to post earnings of C($0.04) per share for the quarter.

NexGen Energy (TSE:NXE) last released its quarterly earnings data on Wednesday, August 7th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02.

NexGen Energy Trading Down 0.7 %

Shares of NXE stock traded down C$0.07 on Tuesday, hitting C$9.89. The stock had a trading volume of 1,084,221 shares, compared to its average volume of 1,949,717. The company’s 50 day moving average price is C$9.05 and its 200-day moving average price is C$9.47. The firm has a market capitalization of C$5.58 billion, a P/E ratio of 58.29 and a beta of 1.76. NexGen Energy has a 1 year low of C$7.04 and a 1 year high of C$12.14. The company has a debt-to-equity ratio of 39.09, a current ratio of 1.20 and a quick ratio of 8.20.

Analyst Ratings Changes

Several equities analysts have weighed in on NXE shares. TD Securities dropped their price target on NexGen Energy from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Scotiabank decreased their target price on NexGen Energy from C$12.50 to C$12.00 in a research note on Monday, August 19th. National Bankshares upped their price target on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cormark lowered their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a report on Friday, August 2nd. Finally, Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$13.38.

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.