Short Interest in Nexa Resources S.A. (NYSE:NEXA) Declines By 17.0%

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the recipient of a large decline in short interest in the month of 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. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

NEXA has been the subject of a number of analyst reports. Bank of America lowered their target price on shares of Nexa Resources from $8.00 to $6.50 and set an "underperform" rating for the company in a report on Monday, March 10th. Royal Bank of Canada reduced their target price on shares of Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating for the company in a research note on Wednesday. Scotiabank reissued an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Finally, BMO Capital Markets assumed coverage on shares of Nexa Resources in a report on Wednesday, April 16th. They issued a "market perform" rating and a $6.00 target price on the stock. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Nexa Resources presently has a consensus rating of "Hold" and an average price target of $6.46.

Institutional Trading of Nexa Resources

A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,341 shares of the company's stock, valued at approximately $126,000.

Nexa Resources Stock Performance

Shares of NYSE NEXA traded up $0.09 during midday trading on Thursday, hitting $5.00. The company's stock had a trading volume of 15,185 shares, compared to its average volume of 30,183. The stock has a fifty day moving average price of $5.64 and a 200 day moving average price of $6.30. The firm has a market capitalization of $662.20 million, a price-to-earnings ratio of -3.25 and a beta of 1.05. Nexa Resources has a one year low of $4.90 and a one year high of $9.61. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

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

Nexa Resources Dividend Announcement

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

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.