Nexa Resources S.A. (NYSE:NEXA) Short Interest Update

Nexa Resources S.A. (NYSE:NEXA) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 25,800 shares, a growth of 35.1% from the May 15th total of 19,100 shares. Based on an average trading volume of 21,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the company’s shares are short sold.

Nexa Resources Price Performance

Shares of NEXA stock opened at $4.86 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.64 and a current ratio of 0.99. Nexa Resources has a fifty-two week low of $4.76 and a fifty-two week high of $9.61. The firm has a market cap of $643.00 million, a P/E ratio of -3.82, a P/E/G ratio of 0.83 and a beta of 0.99. The business’s 50 day moving average price is $5.40 and its 200-day moving average price is $6.10.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $627.12 million during the quarter, compared to the consensus estimate of $635.17 million. Nexa Resources had a negative net margin of 5.97% and a negative return on equity of 5.97%. On average, equities research analysts anticipate that Nexa Resources will post 1.03 earnings per share for the current year.

Nexa Resources Dividend Announcement

The business also recently announced a — dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.1012 dividend. The ex-dividend date is Tuesday, June 10th. Nexa Resources’s dividend payout ratio is -7.87%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEXA. Scotiabank restated an “underperform” rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Bank of America cut 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 initiated coverage on shares of Nexa Resources in a report on Wednesday, April 16th. They set a “market perform” rating and a $6.00 price target for the company. Finally, Royal Bank Of Canada cut their price target on shares of Nexa Resources from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, Nexa Resources has a consensus rating of “Hold” and a consensus price target of $6.46.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new position in Nexa Resources S.A. (NYSE:NEXA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,341 shares of the company’s stock, valued at approximately $126,000.

About Nexa Resources

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.