Nexa Resources (NYSE:NEXA) Hits New 12-Month Low - Should You Sell?

Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s share price reached 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 changing hands. The stock had previously closed at $4.86.

Wall Street Analysts Forecast Growth

NEXA has been the topic of a number of analyst reports. Scotiabank reissued an "underperform" rating on shares of Nexa Resources in a report on Wednesday, May 14th. Royal Bank Of Canada decreased their price objective on Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Wednesday, June 4th. Bank of America dropped their price objective on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a report on Monday, March 10th. Finally, BMO Capital Markets started coverage on Nexa Resources in a report on Wednesday, April 16th. They set a "market perform" rating and a $6.00 target price for the company. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, Nexa Resources has a consensus rating of "Hold" and an average price target of $6.46.

Nexa Resources Stock Performance

The company's fifty day simple moving average is $5.35 and its 200 day simple moving average is $6.05. The stock has a market capitalization of $621.01 million, a P/E ratio of -3.69, a P/E/G ratio of 0.78 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.64 and a debt-to-equity ratio of 1.54.

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 (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 business had revenue of $627.12 million during the quarter, compared to analysts' expectations of $635.17 million. As a group, sell-side analysts forecast that Nexa Resources S.A. will post 1.03 earnings per share for the current fiscal year.

Nexa Resources Announces Dividend

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

Institutional Inflows and Outflows

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

About Nexa Resources

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.