Nexa Resources (NYSE:NEXA) Sees Large Volume Increase - Should You Buy?

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares saw an uptick in trading volume on Tuesday . 102,837 shares changed hands during mid-day 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 Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 4th. BMO Capital Markets initiated coverage on Nexa Resources in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 price target for the company. Finally, Scotiabank restated an "underperform" rating on shares of Nexa Resources in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, Nexa Resources currently has an average rating of "Hold" and an average price target of $6.46.

Nexa Resources Stock Up 0.2%

The firm's 50-day moving average price is $5.06 and its 200 day moving average price is $5.77. The company has a current ratio of 0.99, a quick ratio of 0.64 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $658.22 million, a price-to-earnings ratio of -3.91, a PEG ratio of 0.58 and a beta of 0.95.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its quarterly earnings data 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). Nexa Resources had a negative net margin of 5.97% and a negative return on equity of 5.97%. The firm had revenue of $627.12 million during the quarter, compared to the consensus estimate of $635.17 million. On average, sell-side analysts forecast that Nexa Resources S.A. will post 1.03 EPS for the current fiscal year.

Nexa Resources Announces Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.1012 per share. The ex-dividend date of this dividend was Tuesday, June 10th. Nexa Resources's dividend payout ratio (DPR) is currently -7.87%.

Institutional Trading of Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC purchased a new stake in Nexa Resources S.A. (NYSE:NEXA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,341 shares of the company's stock, valued at approximately $126,000.

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.