With over 17.35 million NexGen Energy Ltd (NXE) shares trading Friday and a closing price of $7.84 on the day, the dollar volume was approximately $136.0 million. The shares have shown a positive half year performance of 70.81% and its price on 01/12/24 gained nearly 11.21%. Currently, there are 482.53M common shares owned by the public and among those 459.23M 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 $11.21. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $10.00. The average price target is 4.62% above its recent price level and an upside to the estimated low will see the stock gain 21.6% over that period. But an upside of 39.69% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
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Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 4,944,794 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 24,170,316 shares.
The top 3 mutual fund holders in NexGen Energy Ltd are Global X Uranium ETF, Sprott Uranium Miners ETF, and Fidelity Canadian Growth Company. Global X Uranium ETF owns 23.75 million shares of the company’s stock, all valued at over $166.25 million. Sprott Uranium Miners ETF bought 25792.0 shares to see its total holdings expand to 11.29 million shares valued at over $79.0 million and representing 2.16% of the shares outstanding. Fidelity Canadian Growth Company bought 0.24 million shares to bring its total holdings to over 6.36 million shares at a value of $44.54 million. Fidelity Canadian Growth Company now owns shares totaling to 1.22% of the shares outstanding.
Shares of NexGen Energy Ltd (NYSE: NXE) opened at $7.44, up $0.39 from a prior closing price of $7.05. However, the script later moved the day high at 7.84, up 11.21%. The company’s stock has a 5-day price change of 16.49% and 42.03% over the past three months. NXE shares are trading 12.00% year to date (YTD), with the 12-month market performance up to 68.60% higher. It has a 12-month low price of $3.49 and touched a high of $7.24 over the same period. NXE has an average intraday trading volume of 5.26 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 14.54%, 19.64%, and 50.76% respectively.
Institutional ownership of NexGen Energy Ltd (NYSE: NXE) shares accounts for 42.06% of the company’s 482.53M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $4.09B and a beta (3y monthly) value of 1.93. 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 5.55% over the week and 4.32% over the month.
Analysts forecast that NexGen Energy Ltd (NXE) will achieve an EPS of -$0.03 for the current quarter, -$0.03 for the next quarter and -$0.11 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -82.34%, and 37.31% 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 1.17. 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.”
