Short Interest in Nexa Resources S.A. (NYSE:NEXA) Increases By 35.1%

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 25,800 shares, an increase of 35.1% from the May 15th total of 19,100 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America decreased their target price 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. BMO Capital Markets initiated 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. Scotiabank reaffirmed an "underperform" rating on shares of Nexa Resources in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada cut their price target 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. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.46.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,341 shares of the company's stock, valued at approximately $126,000.

Nexa Resources Trading Down 3.5%

Shares of Nexa Resources stock traded down $0.17 during trading on Friday, hitting $4.69. The company's stock had a trading volume of 81,789 shares, compared to its average volume of 47,760. The stock has a market cap of $621.01 million, a price-to-earnings ratio of -3.69, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. Nexa Resources has a 52 week low of $4.67 and a 52 week high of $9.61. The stock has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $6.08. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.99 and a quick ratio of 0.64.

Nexa Resources (NYSE:NEXA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Nexa Resources had a negative net margin of 5.97% and a negative return on equity of 5.97%. The company had revenue of $627.12 million during the quarter, compared to the consensus estimate of $635.17 million. Equities research analysts anticipate that Nexa Resources will post 1.03 EPS for the current fiscal 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 issued a dividend of $0.1012 per share. The ex-dividend date of this dividend is Tuesday, June 10th. Nexa Resources's payout ratio is -7.87%.

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.