Nexa Resources (NYSE:NEXA) Upgraded to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Nexa Resources (NYSE:NEXA - Free Report) to a hold rating in a research report sent to investors on Tuesday, April 15th,Zacks.com reports.

Several other research firms also recently commented on NEXA. 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 report on Monday, March 10th. Scotiabank lowered their price objective on Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating for the company in a research report on Monday, April 7th.

Nexa Resources Price Performance

Shares of Nexa Resources stock traded up $0.06 during trading on Tuesday, hitting $5.97. 1,479 shares of the stock traded hands, compared to its average volume of 47,835. The firm's fifty day moving average is $5.69 and its 200-day moving average is $6.79. The stock has a market cap of $790.66 million, a price-to-earnings ratio of -3.88 and a beta of 1.09. Nexa Resources has a 52 week low of $5.04 and a 52 week high of $9.61. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Nexa Resources (NYSE:NEXA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.20 by ($1.20). Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. The business had revenue of $740.92 million for the quarter, compared to analysts' expectations of $731.81 million. Research analysts expect that Nexa Resources will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Nexa Resources

A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new position in Nexa Resources S.A. (NYSE:NEXA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 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.