Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 102,837 shares traded hands during trading, an increase of 228% from the previous session's volume of 31,361 shares.The stock last traded at $5.00 and had previously closed at $5.00.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on NEXA shares. Royal Bank Of Canada reduced their price target on Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Wednesday, June 4th. Scotiabank reiterated an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Finally, BMO Capital Markets assumed coverage on Nexa Resources in a research report on Wednesday, April 16th. They set a "market perform" rating and a $6.00 price target 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.46.
View Our Latest Report on NEXA
Nexa Resources Stock Down 0.5%
The business has a 50-day moving average price of $5.04 and a 200-day moving average price of $5.75. The company has a market capitalization of $661.67 million, a price-to-earnings ratio of -3.93, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 1.54.
Nexa Resources (NYSE:NEXA - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $627.12 million for the quarter, compared to analyst estimates of $635.17 million. Nexa Resources had a negative return on equity of 5.97% and a negative net margin of 5.97%. As a group, equities analysts anticipate that Nexa Resources S.A. will post 1.03 earnings per share for the current fiscal year.
Nexa Resources Dividend Announcement
The company also recently announced a -- dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.1012 dividend. The ex-dividend date was Tuesday, June 10th. Nexa Resources's payout ratio is currently -7.87%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,341 shares of the company's stock, valued at approximately $126,000.
Nexa Resources Company Profile
(
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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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