Nexa Resources (NYSE:NEXA) Hits New 1-Year Low - Should You Sell?

Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $4.64 and last traded at $4.74, with a volume of 21561 shares traded. The stock had previously closed at $4.86.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank reaffirmed an "underperform" rating on shares of Nexa Resources in a report on Wednesday, May 14th. 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 on the stock. Royal Bank Of Canada lowered their price objective on shares of Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating for the company in a report on Wednesday, June 4th. Finally, Bank of America dropped their target price on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.46.

Nexa Resources Trading Up 2.1%

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 stock has a market cap of $630.15 million, a P/E ratio of -3.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.99. The stock's 50-day moving average is $5.35 and its two-hundred day moving average is $6.03.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Nexa Resources had a negative return on equity of 5.97% and a negative net margin of 5.97%. The company had revenue of $627.12 million during the quarter, compared to analysts' expectations of $635.17 million. Equities research analysts anticipate that Nexa Resources S.A. will post 1.03 EPS for the current year.

Nexa Resources Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.1012 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. Nexa Resources's payout ratio is -7.87%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nexa Resources stock. Dimensional Fund Advisors LP grew its holdings in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 628,414 shares of the company's stock after buying an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned 0.47% of Nexa Resources worth $5,531,000 as of its most recent SEC filing.

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.