NexGen Energy (NYSE:NXE) Announces Quarterly Earnings Results

NexGen Energy (NYSE:NXE) posted its quarterly earnings results on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports.

NexGen Energy Trading Down 5.0%

NYSE NXE opened at $8.31 on Wednesday. NexGen Energy has a 1 year low of $7.33 and a 1 year high of $13.96. The firm has a market capitalization of $5.56 billion, a P/E ratio of -30.78 and a beta of 1.43. The firm’s fifty day moving average price is $9.04 and its two-hundred day moving average price is $10.62.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, October 25th. Jefferies Financial Group started coverage on NexGen Energy in a research note on Thursday, September 3rd. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of NexGen Energy in a research note on Monday, September 21st. They issued an “overweight” rating and a $14.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

About NexGen Energy

NexGen Energy is a Canadian uranium exploration and development company focused on advancing uranium projects toward potential production. Its activities include mineral exploration, project planning, engineering and permitting. The company’s flagship asset is the Rook I Project in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Rook I contains the Arrow deposit, which NexGen is working to develop as a potential uranium mine. NexGen’s operations are centered in Canada. The company is in the development stage and is not currently a uranium producer.