Equities researchers at BMO Capital Markets began coverage on shares of Nexa Resources (NYSE:NEXA - Get Free Report) in a note issued to investors on Wednesday. The firm set a "market perform" rating and a $6.00 price target on the stock. BMO Capital Markets' price objective indicates a potential upside of 0.33% from the stock's current price.
A number of other research analysts also recently commented on NEXA. Bank of America lowered their target price on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating for the company in a research report on Monday, March 10th. Scotiabank lowered their target price on shares of Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating for the company in a research note on Monday, April 7th.
View Our Latest Analysis on NEXA
Nexa Resources Stock Down 1.5 %
NEXA traded down $0.09 during trading on Wednesday, hitting $5.98. 2,823 shares of the company's stock traded hands, compared to its average volume of 48,006. Nexa Resources has a 12-month low of $5.04 and a 12-month high of $9.61. The company's 50 day simple moving average is $5.68 and its two-hundred day simple moving average is $6.81. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $791.99 million, a price-to-earnings ratio of -3.88 and a beta of 1.09.
Nexa Resources (NYSE:NEXA - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($1.20). Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. The company had revenue of $740.92 million during the quarter, compared to the consensus estimate of $731.81 million. Analysts predict that Nexa Resources will post 1.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nexa Resources
An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP raised its holdings in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 628,414 shares of the company's stock after purchasing an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent quarter.
About Nexa Resources
(
Get Free Report)
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.
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