Nexa Resources S.A. (NYSE:NEXA) Short Interest Update

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 19,100 shares, a decline of 17.0% from the April 30th total of 23,000 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company's shares are short sold.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP boosted its holdings in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 628,414 shares of the company's stock after buying an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent reporting period.

Nexa Resources Trading Down 0.8%

NEXA stock traded down $0.04 on Friday, hitting $4.87. 23,128 shares of the company were exchanged, compared to its average volume of 47,445. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. The stock has a market capitalization of $644.98 million, a price-to-earnings ratio of -3.16 and a beta of 1.05. Nexa Resources has a twelve month low of $4.76 and a twelve month high of $9.61. The business's fifty day moving average is $5.56 and its two-hundred day moving average is $6.25.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $627.12 million for the quarter, compared to analysts' expectations of $635.17 million. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. As a group, research analysts forecast that Nexa Resources will post 1.03 earnings per share for the current year.

Nexa Resources Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on NEXA shares. Bank of America reduced their price objective on shares of Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a research note on Monday, March 10th. Scotiabank reissued an "underperform" rating on shares of Nexa Resources in a research note on Wednesday, May 14th. BMO Capital Markets assumed coverage on Nexa Resources in a report on Wednesday, April 16th. They set a "market perform" rating and a $6.00 price objective on the stock. Finally, Royal Bank of Canada dropped their target price on Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating for the company in a research note 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 data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.46.

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.