Nexa Resources (NYSE:NEXA) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Nexa Resources experienced a significant **198% increase** in trading volume, with **35,481 shares** traded on Monday compared to **11,889 shares** the previous session.
• Analysts have recently downgraded Nexa Resources' stock ratings, with **price targets** ranging from **$4.00** to **$7.00**, reflecting a consensus rating of **"Strong Sell".**
• The company reported **$0.11** earnings per share for the last quarter, beating analyst estimates, and achieved a revenue of **$708.42 million**, exceeding expectations of **$625.20 million**.

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 35,481 shares were traded during mid-day trading, an increase of 198% from the previous session's volume of 11,889 shares.The stock last traded at $4.92 and had previously closed at $4.86.

Analysts Set New Price Targets

NEXA has been the topic of a number of research reports. Scotiabank set a $4.00 price objective on Nexa Resources and gave the stock a "sector underperform" rating in a report on Tuesday, August 5th. Morgan Stanley downgraded Nexa Resources from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $7.00 to $5.00 in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada dropped their price objective on Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 4th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Sell" and an average target price of $5.70.

Nexa Resources Stock Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 0.99 and a quick ratio of 0.64. The firm has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $5.24. The company has a market cap of $659.81 million, a price-to-earnings ratio of -7.33 and a beta of 0.89.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.16. Nexa Resources had a negative return on equity of 6.54% and a negative net margin of 3.26%.The company had revenue of $708.42 million for the quarter, compared to the consensus estimate of $625.20 million. On average, sell-side analysts expect that Nexa Resources S.A. will post 1.03 earnings per share for the current fiscal year.

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.