Why Should We Buy NexGen Energy Ltd (NXE) Stock?

NexGen Energy Ltd (NYSE:NXE) has a beta value of 1.46 and has seen 0.9 million shares traded in the recent trading session. The company, currently valued at $2.62B, closed the recent trade at $4.60 per share which meant it gained $0.12 on the day or 2.68% during that session. The NXE stock price is -94.78% off its 52-week high price of $8.96 and 15.0% above the 52-week low of $3.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.05 million shares traded. The 3-month trading volume is 10.44 million shares.

The consensus among analysts is that NexGen Energy Ltd (NXE) is Buy stock at the moment, with a recommendation rating of 1.06. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.

NexGen Energy Ltd (NYSE:NXE) trade information

Sporting 2.68% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NXE stock price touched $4.60 or saw a rise of 4.37%. Year-to-date, NexGen Energy Ltd shares have moved -30.30%, while the 5-day performance has seen it change -0.22%. Over the past 30 days, the shares of NexGen Energy Ltd (NYSE:NXE) have changed -6.50%. Short interest in the company has seen 61.96 million shares shorted with days to cover at 7.03.

NexGen Energy Ltd (NXE) estimates and forecasts

The company’s shares have lost -43.28% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.34% over the past 5 years. Earnings growth for 2025 is a modest 1.87% while over the next 5 years, the company’s earnings are expected to decrease by -8.09%.

NXE Dividends

NexGen Energy Ltd is expected to release its next earnings report on 2025-Mar-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

NexGen Energy Ltd (NYSE:NXE)’s Major holders

Insiders own 7.92% of the company shares, while shares held by institutions stand at 53.41% with a share float percentage of 58.00%. Investors are also buoyed by the number of investors in a company, with NexGen Energy Ltd having a total of 344.0 institutions that hold shares in the company. The top two institutional holders are L1 CAPITAL PTY LTD with over 30.31 million shares worth more than $288.89 million. As of 2024-06-30, L1 CAPITAL PTY LTD held 3.9153% of shares outstanding.

The other major institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with the holding of over 28.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $199.35 million and represent 3.6932% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are GLOBAL X FUNDS-Global X Uranium ETF and SPROTT FUNDS TRUST-SPROTT URANIUM MINERS ETF . As of Mar 31, 2025 , the former fund manager holds about 5.48% shares in the company for having 31.2 shares of worth $144.0 million while later fund manager owns 11.55 shares of worth $53.3 million as of Dec 31, 2024 , which makes it owner of about 2.03% of company’s outstanding stock.