Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.02 and last traded at $5.02, with a volume of 36584 shares traded. The stock had previously closed at $5.34.
Analyst Ratings Changes
A number of brokerages have commented on NEXA. 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 on the stock. Bank of America decreased their price objective on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a research note on Monday, March 10th. Finally, Scotiabank reaffirmed an "underperform" rating on shares of Nexa Resources in a research note on Wednesday, May 14th.
Read Our Latest Research Report on Nexa Resources
Nexa Resources Stock Up 1.6%
The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13. The company has a market cap of $663.52 million, a PE ratio of -3.25 and a beta of 1.05. The firm has a fifty day simple moving average of $5.71 and a 200 day simple moving average of $6.38.
Nexa Resources (NYSE:NEXA - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $635.17 million. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. Equities research analysts predict that Nexa Resources S.A. will post 1.03 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 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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