Nexa Resources S.A. (NYSE:NEXA) Declares — Dividend of $0.10

Nexa Resources S.A. (NYSE:NEXA) 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 Price Performance

NEXA stock opened at $4.87 on Friday. The firm has a 50 day moving average of $5.56 and a 200-day moving average of $6.25. Nexa Resources has a 12-month low of $4.76 and a 12-month high of $9.61. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The company has a market cap of $644.98 million, a price-to-earnings ratio of -3.16 and a beta of 0.99.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The company had revenue of $627.12 million for the quarter, compared to analyst estimates of $635.17 million. As a group, equities analysts expect that Nexa Resources will post 1.03 EPS for the current fiscal year.

Analysts Set New Price Targets

NEXA has been the subject of a number of 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 for the company in a research report on Monday, March 10th. BMO Capital Markets started coverage on shares of Nexa Resources in a research note on Wednesday, April 16th. They set a “market perform” rating and a $6.00 price objective for the company. Scotiabank reissued an “underperform” rating on shares of Nexa Resources in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Nexa Resources from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note 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, the company 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.