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

Nexa Resources S.A. (NYSE:NEXA) has earned a consensus recommendation of “Reduce” from the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.60.

NEXA has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Nexa Resources from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 28th. Scotiabank boosted their price objective on Nexa Resources from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday. Citigroup upped their target price on Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Morgan Stanley raised their target price on Nexa Resources from $11.50 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded Nexa Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th.

Institutional Trading of Nexa Resources

Several large investors have recently modified their holdings of NEXA. Financial Management Professionals Inc. acquired a new position in shares of Nexa Resources during the 2nd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in Nexa Resources during the fourth quarter worth $36,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Nexa Resources in the fourth quarter worth $44,000. Royal Bank of Canada increased its stake 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 purchasing an additional 2,784 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Nexa Resources in the fourth quarter valued at $83,000.

Nexa Resources Trading Up 1.7%

NYSE:NEXA opened at $13.58 on Tuesday. The firm’s fifty day moving average is $13.51 and its 200-day moving average is $13.13. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.46 and a current ratio of 0.80. Nexa Resources has a 52 week low of $4.79 and a 52 week high of $16.89. The firm has a market cap of $1.80 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.15 and a beta of 0.94.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.07). The firm had revenue of $907.93 million for the quarter, compared to analyst estimates of $906.52 million. Nexa Resources had a return on equity of 20.25% and a net margin of 8.02%. Equities analysts expect that Nexa Resources will post 2.59 earnings per share for the current year.

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.