NexGen Energy (NYSE:NXE – Get Free Report) announced its 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 Stock Up 6.0%
NXE stock traded up $0.50 during trading on Monday, reaching $8.75. The company’s stock had a trading volume of 6,178,845 shares, compared to its average volume of 6,469,645. The company’s fifty day moving average is $9.11 and its 200-day moving average is $10.66. The company has a market capitalization of $5.86 billion, a P/E ratio of -21.87 and a beta of 1.43. NexGen Energy has a 1 year low of $7.33 and a 1 year high of $13.96.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on NXE shares. Jefferies Financial Group began coverage on shares of NexGen Energy in a research report on Thursday, September 3rd. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, October 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NexGen Energy in a research report on Monday, September 21st. They set an “overweight” rating and a $14.00 target price for the company. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.
View Our Latest Stock Report on NexGen Energy
NexGen Energy Company Profile
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.
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