Nexa Resources SA (NYSE:NEXA) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.13.
Several brokerages have issued reports on NEXA. Zacks Investment Research upgraded Nexa Resources from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 23rd. JPMorgan Chase & Co. cut their price objective on Nexa Resources from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th.
Shares of NYSE:NEXA traded down $0.14 during trading on Friday, hitting $10.00. The company’s stock had a trading volume of 76,815 shares, compared to its average volume of 96,969. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.95 and a current ratio of 2.42. Nexa Resources has a fifty-two week low of $8.22 and a fifty-two week high of $15.04. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 1.88 and a beta of 0.55.
Nexa Resources (NYSE:NEXA) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.29). Nexa Resources had a negative return on equity of 1.12% and a net margin of 0.24%. The business had revenue of $570.00 million during the quarter, compared to analyst estimates of $567.66 million. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities research analysts predict that Nexa Resources will post 0.43 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Nexa Resources by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 704,969 shares of the company’s stock valued at $8,502,000 after buying an additional 54,724 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Nexa Resources by 44.9% during the first quarter. Dimensional Fund Advisors LP now owns 574,062 shares of the company’s stock valued at $7,147,000 after buying an additional 178,018 shares in the last quarter. Norges Bank acquired a new stake in Nexa Resources during the fourth quarter valued at approximately $6,532,000. Renaissance Technologies LLC raised its stake in Nexa Resources by 95.3% during the first quarter. Renaissance Technologies LLC now owns 394,900 shares of the company’s stock valued at $4,917,000 after buying an additional 192,700 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Nexa Resources by 0.3% during the fourth quarter. Deutsche Bank AG now owns 252,508 shares of the company’s stock valued at $3,003,000 after buying an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 8.54% of the company’s stock.
Nexa Resources Company Profile
Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. It also produces copper, lead, silver, and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.
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