Nexa Resources S.A. (NYSE:NEXA) to Issue -- Dividend of $0.10

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) announced a -- dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, June 10th will be paid a dividend of 0.1012 per share on Tuesday, June 24th. The ex-dividend date of this dividend is Tuesday, June 10th.

Nexa Resources Price Performance

NYSE NEXA 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 firm has a 50 day moving average of $5.56 and a two-hundred day moving average of $6.25. The company has a market cap of $644.98 million, a P/E ratio of -3.16 and a beta of 1.05. 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 has a 1-year low of $4.76 and a 1-year high of $9.61.

Nexa Resources (NYSE:NEXA - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $635.17 million. Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. On average, equities analysts predict that Nexa Resources will post 1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEXA. BMO Capital Markets began coverage on shares of Nexa Resources in a research report on Wednesday, April 16th. They set a "market perform" rating and a $6.00 price target on the stock. Scotiabank reiterated an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Bank of America reduced their price target on shares of Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Finally, Royal Bank of Canada cut their target price on shares of Nexa Resources from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.