FY2025 EPS Estimates for Nexa Resources Decreased by Analyst

Nexa Resources S.A. (NYSE:NEXA) – Equities research analysts at Scotiabank lowered their FY2025 EPS estimates for Nexa Resources in a report released on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.43 per share for the year, down from their previous forecast of $0.81. Scotiabank has a “Sector Underperform” rating and a $5.00 price objective on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources’ FY2026 earnings at $0.22 EPS.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.20 by ($1.20). The company had revenue of $740.92 million for the quarter, compared to analyst estimates of $731.81 million. Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%.

A number of other brokerages have also issued reports on NEXA. Morgan Stanley upgraded shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $7.50 to $7.80 in a research note on Thursday, December 12th. Bank of America dropped their target price on Nexa Resources from $8.00 to $6.50 and set an “underperform” rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.86.

Nexa Resources Price Performance

NEXA stock opened at $5.83 on Monday. Nexa Resources has a twelve month low of $5.04 and a twelve month high of $9.61. The business has a 50 day simple moving average of $5.73 and a 200-day simple moving average of $6.92. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $771.46 million, a P/E ratio of -3.78 and a beta of 1.50.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC bought a new stake in Nexa Resources S.A. (NYSE:NEXA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,341 shares of the company’s stock, valued at approximately $126,000.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.