Nexa Resources S.A. (NYSE:NEXA) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Nexa Resources S.A. (NYSE:NEXA) have earned an average recommendation of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.00.

A number of research analysts recently weighed in on NEXA shares. Scotiabank raised their price objective on Nexa Resources from $14.50 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Bank of America upped their target price on Nexa Resources from $12.00 to $14.00 and gave the stock an “underperform” rating in a research report on Thursday. Citigroup increased their price target on Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Zacks Research lowered shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley lifted their price target on shares of Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in Nexa Resources during the 2nd quarter worth $28,000. Royal Bank of Canada grew its position in shares of Nexa Resources by 173.8% in the first quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock valued at $47,000 after purchasing an additional 2,784 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Nexa Resources by 17.5% in the first quarter. Hsbc Holdings PLC now owns 19,333 shares of the company’s stock valued at $203,000 after purchasing an additional 2,879 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Nexa Resources in the fourth quarter worth about $36,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Nexa Resources in the fourth quarter worth about $44,000.

Nexa Resources Price Performance

NYSE NEXA opened at $14.79 on Monday. Nexa Resources has a fifty-two week low of $4.61 and a fifty-two week high of $16.89. The stock’s 50-day moving average is $13.98 and its two-hundred day moving average is $12.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market cap of $1.96 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 0.16 and a beta of 0.94.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $888.32 million during the quarter, compared to analysts’ expectations of $885.90 million. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%. On average, analysts anticipate that Nexa Resources will post 2.7 earnings per share for the current fiscal year.

Key Nexa Resources News

Here are the key news stories impacting Nexa Resources this week:

• Positive Sentiment: Nexa was added to Zacks’ “Strong Buy” and “Best Value Stocks” lists, which can boost investor interest by reinforcing the stock’s valuation appeal and momentum. New Strong Buy Stocks for July 10th
• Positive Sentiment: Zacks also highlighted Nexa as a top value stock, suggesting the shares may still screen attractively versus peers in the mining sector. Best Value Stocks to Buy for July 10th
• Positive Sentiment: Bank of America raised its price target on Nexa to $14.00, signaling improved expectations for the company’s outlook despite keeping an underperform rating. Nexa Resources Price Target Raised to $14.00 at Bank of America
• Neutral Sentiment: Zacks Research downgraded Nexa from Strong Buy to Hold, which may temper some enthusiasm even though the stock continues to appear in other bullish screeners.
• Neutral Sentiment: Another note said Nexa expects to keep its 2026 zinc output guidance unchanged after the Cajamarquilla fire, with lost output expected to be recovered in the second half. Can NEXA Sustain Zinc Output Guidance Post Cajamarquilla Halt?
• Negative Sentiment: The downgrade to Hold introduces some caution around near-term upside and suggests analysts see less compelling momentum than before.

About Nexa Resources

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.