Nexa Resources (NYSE:NEXA) Trading Down 4.8% - What's Next?

Shares of Nexa Resources S.A. (NYSE:NEXA - Get Free Report) traded down 4.8% during trading on Wednesday . The company traded as low as $4.75 and last traded at $4.79. 28,472 shares changed hands during trading, a decline of 41% from the average session volume of 48,187 shares. The stock had previously closed at $5.03.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BMO Capital Markets started coverage on shares of Nexa Resources in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 price objective for the company. Morgan Stanley cut shares of Nexa Resources from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $7.00 to $5.00 in a report on Tuesday. Scotiabank reiterated an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada lowered their price target on shares of Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $5.90.

Nexa Resources Price Performance

The company's 50-day moving average price is $4.99 and its two-hundred day moving average price is $5.57. The company has a market cap of $629.09 million, a P/E ratio of -3.74, a P/E/G ratio of 1.27 and a beta of 0.95. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 business had revenue of $627.12 million during the quarter, compared to analyst estimates of $635.17 million. As a group, sell-side analysts expect that Nexa Resources S.A. will post 1.03 earnings per share for the current 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 paid a dividend of $0.1012 per share. The ex-dividend date was Tuesday, June 10th. Nexa Resources's payout ratio is -7.87%.

Institutional Trading of Nexa Resources

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

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.