Ventum Cap Mkts upgraded shares of NexGen Energy (TSE:NXE – Free Report) to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports. Ventum Cap Mkts also issued estimates for NexGen Energy’s FY2024 earnings at ($0.18) EPS, FY2025 earnings at ($0.08) EPS, FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.13) EPS.
A number of other analysts have also recently commented on the stock. Scotiabank set a C$13.50 price target on shares of NexGen Energy and gave the company an outperform rating in a research note on Monday, April 1st. Raymond James dropped their price objective on shares of NexGen Energy from C$13.50 to C$13.00 in a research report on Thursday, May 9th. Haywood Securities raised shares of NexGen Energy to a strong-buy rating in a research report on Friday, May 17th. Finally, Ventum Financial dropped their price objective on shares of NexGen Energy from C$12.50 to C$12.00 in a research report on Monday. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NexGen Energy has a consensus rating of Buy and an average price target of C$13.14.
Check Out Our Latest Stock Analysis on NexGen Energy
NexGen Energy Stock Up 8.7 %
NexGen Energy (TSE:NXE – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). Analysts forecast that NexGen Energy will post -0.07 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Richard J. Patricio sold 175,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$9.67, for a total transaction of C$1,692,285.00. 8.23% of the stock is owned by insiders.
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.
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