Nexa Resources (NYSE:NEXA) Trading Down 1.3% - Time to Sell?

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares fell 1.3% on Tuesday . The stock traded as low as $4.95 and last traded at $4.96. 11,863 shares were traded during mid-day trading, a decline of 75% from the average session volume of 47,437 shares. The stock had previously closed at $5.02.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEXA. BMO Capital Markets began coverage on Nexa Resources in a report on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 price objective for the company. Bank of America reduced 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. Scotiabank reiterated an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Finally, Royal Bank of Canada dropped their price target on Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.46.

Nexa Resources Stock Down 0.5%

The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. The company has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $6.27. The stock has a market cap of $646.96 million, a P/E ratio of -3.17 and a beta of 1.05.

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 for the quarter, missing the consensus estimate of $0.17 by ($0.01). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The company had revenue of $627.12 million during the quarter, compared to the consensus estimate of $635.17 million. On average, equities analysts forecast that Nexa Resources S.A. will post 1.03 EPS for the current year.

Nexa Resources Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.1012 per share. The ex-dividend date of this dividend is Tuesday, June 10th. Nexa Resources's dividend payout ratio is presently -25.98%.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC bought a new stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.