FY2027 EPS Estimate for Nexa Resources Boosted by Analyst

Key Points

• Scotiabank raised Nexa Resources’ FY2027 EPS forecast to $3.11 from $2.96, while maintaining a “Sector Perform” rating and a $14 price target.
• Nexa reported quarterly EPS of $0.64, missing the $0.71 consensus estimate, though revenue of $907.93 million slightly exceeded expectations.
• Analyst sentiment remains cautious: six firms rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and a $14.40 average price target.

Nexa Resources S.A. (NYSE:NEXA - Free Report) - Equities researchers at Scotiabank raised their FY2027 earnings estimates for shares of Nexa Resources in a report issued on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $3.11 for the year, up from their previous forecast of $2.96. Scotiabank has a "Sector Perform" rating and a $14.00 price target on the stock. The consensus estimate for Nexa Resources' current full-year earnings is $2.72 per share.

Nexa Resources (NYSE:NEXA - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 8.02% and a return on equity of 20.25%.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Nexa Resources from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 28th. Zacks Research cut shares of Nexa Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Nexa Resources from $7.50 to $15.50 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on shares of Nexa Resources from $11.50 to $12.50 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. Finally, Citigroup upped their target price on Nexa Resources from $12.50 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $14.40.

Nexa Resources Stock Performance

Shares of NYSE NEXA opened at $14.09 on Friday. Nexa Resources has a 12-month low of $4.70 and a 12-month high of $16.89. The company has a market cap of $1.87 billion, a PE ratio of 6.74, a P/E/G ratio of 0.16 and a beta of 0.94. The stock has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $13.02. The company has a current ratio of 0.80, a quick ratio of 0.46 and a debt-to-equity ratio of 1.08.

Institutional Investors Weigh In On Nexa Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in shares of Nexa Resources during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Nexa Resources during the fourth quarter valued at $36,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Nexa Resources in the 4th quarter valued at $44,000. Royal Bank of Canada increased its stake in Nexa Resources by 173.8% in the 1st quarter. Royal Bank of Canada now owns 4,386 shares of the company's stock worth $47,000 after purchasing an additional 2,784 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Nexa Resources in the 4th quarter worth about $83,000.

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.

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