Nexa Resources S.A. (NYSE:NEXA) Receives $11.43 Consensus Target Price from Analysts

Nexa Resources S.A. (NYSE:NEXA) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.4250.

A number of equities research analysts have recently weighed in on NEXA shares. Zacks Research upgraded Nexa Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Scotiabank boosted their price target on Nexa Resources from $14.00 to $14.50 and gave the stock a “sector perform” rating in a research note on Monday, June 15th. Citigroup boosted their price target on Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen lowered Nexa Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th.

Nexa Resources Stock Performance

Shares of Nexa Resources stock opened at $12.31 on Thursday. The company has a market capitalization of $1.63 billion, a PE ratio of 7.79, a P/E/G ratio of 0.31 and a beta of 0.88. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a 50-day simple moving average of $14.39 and a two-hundred day simple moving average of $12.07. Nexa Resources has a one year low of $4.61 and a one year high of $16.89.

Nexa Resources (NYSE:NEXA) last issued 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. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%.The business had revenue of $888.32 million for the quarter, compared to analyst estimates of $885.90 million. Research analysts expect that Nexa Resources will post 2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Nexa Resources

Large investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in Nexa Resources in the fourth quarter valued at approximately $36,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Nexa Resources in the fourth quarter valued at approximately $44,000. Royal Bank of Canada boosted its position in 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 buying an additional 2,784 shares during the last quarter. First Affirmative Financial Network purchased a new stake in Nexa Resources in the third quarter valued at approximately $63,000. Finally, New York State Common Retirement Fund purchased a new stake in Nexa Resources in the fourth quarter valued at approximately $83,000.

Nexa Resources Company Profile

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.