Nexa Resources SA (NEXA) Receives Average Rating of “Hold” from Analysts

Shares of Nexa Resources SA (NYSE:NEXA) have received an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.13.

NEXA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Nexa Resources from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 23rd. JPMorgan Chase & Co. cut their price objective on Nexa Resources from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday.

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new stake in shares of Nexa Resources during the first quarter worth approximately $72,000. BNP Paribas Arbitrage SA increased its position in shares of Nexa Resources by 97.2% during the first quarter. BNP Paribas Arbitrage SA now owns 7,359 shares of the company’s stock worth $92,000 after purchasing an additional 3,627 shares in the last quarter. Northern Trust Corp increased its position in shares of Nexa Resources by 69.3% during the fourth quarter. Northern Trust Corp now owns 22,468 shares of the company’s stock worth $267,000 after purchasing an additional 9,197 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Nexa Resources during the first quarter worth approximately $297,000. Finally, BlackRock Inc. increased its position in shares of Nexa Resources by 40.0% during the first quarter. BlackRock Inc. now owns 37,458 shares of the company’s stock worth $467,000 after purchasing an additional 10,697 shares in the last quarter. Hedge funds and other institutional investors own 8.54% of the company’s stock.

Nexa Resources stock opened at $10.09 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 1.82 and a beta of 0.55. Nexa Resources has a 12 month low of $8.22 and a 12 month high of $16.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.42 and a quick ratio of 1.95.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.29). The business had revenue of $570.00 million during the quarter, compared to analysts’ expectations of $567.66 million. Nexa Resources had a net margin of 0.24% and a negative return on equity of 1.12%. The business’s revenue was down 15.7% compared to the same quarter last year. As a group, equities analysts predict that Nexa Resources will post 0.43 EPS for the current fiscal year.

Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. It also produces copper, lead, silver, and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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