Nexa Resources S.A. (NYSE:NEXA) Plans $0.10 — Dividend

Nexa Resources S.A. (NYSE:NEXA) announced a — dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Tuesday, June 10th will be given a dividend of 0.1012 per share on Tuesday, June 24th. The ex-dividend date is Tuesday, June 10th.

Nexa Resources Trading Down 0.2%

Shares of NEXA opened at $4.94 on Thursday. Nexa Resources has a 1-year low of $4.88 and a 1-year high of $9.61. 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 firm’s 50-day moving average price is $5.64 and its 200-day moving average price is $6.30. The firm has a market capitalization of $654.25 million, a price-to-earnings ratio of -3.21 and a beta of 1.05.

Nexa Resources (NYSE:NEXA) last posted its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. The firm had revenue of $627.12 million for the quarter, compared to analysts’ expectations of $635.17 million. Sell-side analysts anticipate that Nexa Resources will post 1.03 EPS for the current year.

Analysts Set New Price Targets

NEXA has been the topic of a number of research reports. Bank of America dropped their target price on shares of Nexa Resources from $8.00 to $6.50 and set an “underperform” rating on the stock in a report on Monday, March 10th. BMO Capital Markets began coverage on shares of Nexa Resources in a report on Wednesday, April 16th. They issued a “market perform” rating and a $6.00 price objective on the stock. Scotiabank reaffirmed an “underperform” rating on shares of Nexa Resources in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada dropped their price target on Nexa Resources from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.46.

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.