Royal Bank of Canada Has Lowered Expectations for Nexa Resources (NYSE:NEXA) Stock Price

Nexa Resources (NYSE:NEXA - Get Free Report) had its price target dropped by stock analysts at Royal Bank of Canada from $8.00 to $7.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 43.30% from the stock's previous close.

A number of other research firms have also recently commented on NEXA. Scotiabank restated an "underperform" rating on shares of Nexa Resources in a research note on Wednesday, May 14th. 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 note on Monday, March 10th. Finally, BMO Capital Markets assumed coverage on Nexa Resources in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $6.46.

Nexa Resources Trading Down 0.5%

Shares of NEXA stock traded down $0.03 during trading hours on Wednesday, reaching $4.89. The company's stock had a trading volume of 25,508 shares, compared to its average volume of 47,453. The stock has a market capitalization of $646.96 million, a P/E ratio of -3.17 and a beta of 1.05. Nexa Resources has a one year low of $4.87 and a one year high of $9.61. The firm's fifty day simple moving average is $5.59 and its 200 day simple moving average is $6.27. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

Nexa Resources (NYSE:NEXA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The business had revenue of $627.12 million during the quarter, compared to the consensus estimate of $635.17 million. Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. Equities research analysts expect that Nexa Resources will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP boosted its stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 628,414 shares of the company's stock after buying an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent reporting period.

Nexa Resources Company Profile

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.