Brokerages Set Nexa Resources S.A. (NYSE:NEXA) PT at $5.67

Key Points

• Nexa Resources S.A. has received an average rating of "Reduce" from six brokerage firms, with three analysts issuing sell ratings and three assigning hold ratings.
• The company's 12-month price target is around $5.67, with recent target adjustments from key firms lowering their estimates.
• Nexa reported $0.11 EPS for the last quarter, outperforming analysts' expectations, along with a revenue of $708.42 million, which is above consensus estimates.

Shares of Nexa Resources S.A. (NYSE:NEXA - Get Free Report) have been assigned an average recommendation of "Reduce" from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.6667.

A number of research firms recently issued reports on NEXA. Royal Bank Of Canada reduced 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. Scotiabank set a $4.00 target price on Nexa Resources and gave the company a "sector underperform" rating in a research note on Tuesday, August 5th. Citigroup started coverage on Nexa Resources in a report on Tuesday. They issued a "neutral" rating and a $5.50 price target for the company. Finally, Morgan Stanley downgraded Nexa Resources from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $7.00 to $5.00 in a report on Tuesday, July 15th.

Nexa Resources Price Performance

Shares of NYSE:NEXA traded up $0.07 during trading on Tuesday, hitting $4.97. 45,587 shares of the stock were exchanged, compared to its average volume of 31,989. The company has a fifty day moving average price of $4.90 and a two-hundred day moving average price of $5.23. The company has a market cap of $658.23 million, a PE ratio of -7.31 and a beta of 0.89. 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 has a 12-month low of $4.44 and a 12-month high of $9.61.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.16. The business had revenue of $708.42 million for the quarter, compared to analyst estimates of $625.20 million. Nexa Resources had a negative return on equity of 6.54% and a negative net margin of 3.26%. On average, analysts forecast that Nexa Resources will post 1.03 EPS for the current year.

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.