With over 4.87 million NexGen Energy Ltd. (NXE) shares trading Monday and a closing price of $6.31 on the day, the dollar volume was approximately $30.75 million. The shares have shown a positive half year performance of 70.54% and its price on 09/18/23 gained nearly 1.28%. Currently, there are 486.58M common shares owned by the public and among those 410.45M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for NXE have a consensus price objective of $7.37. The analysts have set the share’s price value over the next 12 months at a high of $8.50 and a low of $5.36. The average price target is -17.94% below its recent price level and a downside to the estimated low will see the stock lose -17.72% over that period. But an upside of 25.76% will see the stock hit the forecast high price target while median target price for the stock is $7.39.
Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 7,011,389 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 25,770,316 shares.
The top 3 mutual fund holders in NexGen Energy Ltd. are Global X Uranium ETF, Sprott Uranium Miners ETF, and Kopernik Global All Cap Fund. Global X Uranium ETF owns 22.01 million shares of the company’s stock, all valued at over $115.77 million. The company bought an additional 0.54 million shares recently to bring their total holdings to about 4.48% of the shares outstanding. Kopernik Global All Cap Fund sold -0.55 million shares to bring its total holdings to over 4.79 million shares at a value of $25.21 million. Kopernik Global All Cap Fund now owns shares totaling to 0.98% of the shares outstanding.
However, the script later moved the day high at 6.35, up 1.28%. The company’s stock has a 5-day price change of 11.09% and 33.12% over the past three months. NXE shares are trading 42.44% year to date (YTD), with the 12-month market performance up to 48.12% higher. It has a 12-month low price of $3.40 and touched a high of $6.36 over the same period. NXE has an average intraday trading volume of 2.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.02%, 25.66%, and 43.31% respectively.
Institutional ownership of NexGen Energy Ltd. (NYSE: NXE) shares accounts for 35.00% of the company’s 486.58M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $4.16B and a beta (3y monthly) value of 1.90. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.40% over the week and 3.88% over the month.
Analysts forecast that NexGen Energy Ltd. (NXE) will achieve an EPS of -$0.02 for the current quarter, -$0.02 for the next quarter and -$0.06 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 54.50%, and 25.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate NexGen Energy Ltd. (NXE) as a “Strong Buy” at a consensus score of 1.70. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 0 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”