NexGen Energy (NYSE:NXE) Releases Earnings Results, Misses Expectations By $0.04 EPS

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

NexGen Energy Price Performance

Shares of NYSE:NXE traded up $0.50 during mid-day trading on Monday, hitting $8.75. The company had a trading volume of 6,178,845 shares, compared to its average volume of 6,469,645. NexGen Energy has a one year low of $7.33 and a one year high of $13.96. The firm has a fifty day moving average price of $9.11 and a 200 day moving average price of $10.66. The company has a market capitalization of $5.86 billion, a PE ratio of -21.87 and a beta of 1.43.

Wall Street Analyst Weigh In

NXE has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. 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 price target on the stock. Jefferies Financial Group began coverage on NexGen Energy in a report on Thursday, September 3rd. They set a “buy” rating for the company. Finally, Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 25th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.