Nexa Resources (NYSE:NEXA) Trading Up 5.6% - Still a Buy?

Shares of Nexa Resources S.A. (NYSE:NEXA - Get Free Report) were up 5.6% during mid-day trading on Monday . The stock traded as high as $4.96 and last traded at $4.92. Approximately 11,716 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 47,579 shares. The stock had previously closed at $4.66.

Analyst Upgrades and Downgrades

NEXA has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price 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 lowered their price target on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a report on Monday, March 10th. 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 objective on the stock. Finally, Scotiabank reissued an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.46.

Nexa Resources Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.64 and a current ratio of 0.99. The firm has a market cap of $628.56 million, a P/E ratio of -3.74, a P/E/G ratio of 0.78 and a beta of 0.99. The business's 50-day simple moving average is $5.35 and its 200 day simple moving average is $6.03.

Nexa Resources (NYSE:NEXA - Get Free Report) last released its quarterly 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). Nexa Resources had a negative return on equity of 5.97% and a negative net margin of 5.97%. The firm had revenue of $627.12 million during the quarter, compared to analysts' expectations of $635.17 million. As a group, equities analysts predict that Nexa Resources S.A. will post 1.03 earnings per share for the current year.

Nexa Resources Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP grew its holdings in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 628,414 shares of the company's stock after acquiring an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Nexa Resources worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.

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