Nexa Resources S.A. (NYSE:NEXA) Announces $0.10 -- Dividend

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 given a dividend of 0.1012 per share on Tuesday, June 24th. The ex-dividend date is Tuesday, June 10th.

Nexa Resources Trading Up 1.5%

Shares of Nexa Resources stock traded up $0.07 during trading hours on Thursday, hitting $4.98. The company's stock had a trading volume of 17,083 shares, compared to its average volume of 30,202. The business has a fifty day moving average of $5.64 and a 200 day moving average of $6.30. The company has a market capitalization of $660.08 million, a PE ratio of -3.24 and a beta of 1.05. Nexa Resources has a 1-year low of $4.90 and a 1-year high of $9.61. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Nexa Resources (NYSE:NEXA - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $627.12 million for the quarter, compared to analyst estimates 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, equities analysts forecast that Nexa Resources will post 1.03 EPS for the current year.

Analyst Ratings Changes

NEXA has been the topic of a number of recent research reports. 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. Royal Bank of Canada dropped their price target 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. BMO Capital Markets assumed 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. Finally, Scotiabank reiterated an "underperform" rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus 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.