Nexa Resources - NEXA Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexa Resources in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NEXA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEXA, but not buy additional shares or sell existing shares.
View NEXA analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month price objectives for Nexa Resources' shares. Their NEXA share price forecasts range from $7.00 to $8.00. On average, they anticipate the company's stock price to reach $7.50 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for NEXA or view top-rated stocks among Wall Street analysts.

Nexa Resources' stock was trading at $6.03 on January 1st, 2023. Since then, NEXA stock has decreased by 1.3% and is now trading at $5.95.
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Nexa Resources saw a decrease in short interest in February. As of February 28th, there was short interest totaling 100,100 shares, a decrease of 19.4% from the February 13th total of 124,200 shares. Based on an average daily trading volume, of 139,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company's shares are sold short.
View Nexa Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our NEXA earnings forecast.

Nexa Resources S.A. (NYSE:NEXA) issued its quarterly earnings data on Thursday, October, 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.80. The company had revenue of $655.08 million for the quarter, compared to analysts' expectations of $640.01 million. Nexa Resources had a trailing twelve-month return on equity of 7.00% and a net margin of 1.62%. During the same period in the previous year, the company posted $0.10 earnings per share.

Nexa Resources declared a None dividend on Wednesday, February 15th. Investors of record on Friday, March 10th will be paid a dividend of $0.189 per share on Friday, March 24th. This represents a dividend yield of 5%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for NEXA.

ETFs with the largest weight of Nexa Resources (NYSE:NEXA) stock in their portfolio include ETFMG Prime Junior Silver Miners ETF (SILJ).Global X Copper Miners ETF (COPX).

Nexa Resources (NYSE:NEXA) pays an annual dividend of $0.33 per share and currently has a dividend yield of 5.61%. NEXA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 89.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NEXA will have a dividend payout ratio of 20.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NEXA.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nexa Resources investors own include Alibaba Group (BABA), Honeywell International (HON), Johnson & Johnson (JNJ), Home Depot (HD), Raytheon Technologies (RTX), Cisco Systems (CSCO), CVS Health (CVS), Procter & Gamble (PG), Verizon Communications (VZ) and Intel (INTC).

(NEXA) raised $604 million in an initial public offering on Friday, October 27th 2017. The company issued 31,000,000 shares at $18.00-$21.00 per share. J.P. Morgan, BMO Capital Markets, Morgan Stanley and Credit Suisse served as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Scotiabank, Bradesco BBI, Credicorp Capital, ABN AMRO, Banco do Brasil Securities, Macquarie Capital, MUFG, National Bank of Canada Financial Markets and RBC Capital Markets were co-managers.

Nexa Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEXA."

Nexa Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.00%), Dimensional Fund Advisors LP (0.00%), Renaissance Technologies LLC (0.00%), Morgan Stanley (0.00%), HRT Financial LP (0.00%) and Susquehanna International Group LLP (0.00%).

Shares of NEXA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEXA stock can currently be purchased for approximately $5.95.

The company employs 5,840 workers across the globe.

Nexa Resources' mailing address is 37A AVENUE J.F. KENNEDY, LUXEMBOURG N4, L-1855. The official website for the company is www.nexaresources.com. The company can be reached via phone at (522) 826-3727 or via email at leandro.cappa@nexaresources.com.