Nexa Resources S.A. (NYSE:NEXA – Get Free Report) has received an average rating of “Reduce” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.0714.
A number of analysts have recently weighed in on NEXA shares. Scotiabank raised shares of Nexa Resources from a “sector underperform” rating to a “sector perform” rating and upped their price target for the stock from $4.00 to $5.50 in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nexa Resources in a research note on Wednesday, October 8th. Citigroup assumed coverage on shares of Nexa Resources in a research note on Tuesday, September 16th. They issued a “neutral” rating and a $5.50 price target for the company. Morgan Stanley downgraded shares of Nexa Resources from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $7.00 to $5.00 in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nexa Resources from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Friday.
Read Our Latest Research Report on NEXA
Institutional Trading of Nexa Resources
Nexa Resources Trading Down 0.5%
Shares of NYSE:NEXA opened at $5.57 on Friday. The company has a 50 day moving average of $5.03 and a 200-day moving average of $5.17. The firm has a market cap of $738.09 million, a P/E ratio of -8.20 and a beta of 0.77. Nexa Resources has a twelve month low of $4.44 and a twelve month high of $9.61. The company has a current ratio of 0.99, a quick ratio of 0.64 and a debt-to-equity ratio of 1.54.
Nexa Resources (NYSE:NEXA – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.16. The company had revenue of $708.42 million during the quarter, compared to analyst estimates of $625.20 million. Nexa Resources had a negative net margin of 3.26% and a negative return on equity of 6.54%. As a group, analysts anticipate that Nexa Resources will post 1.03 earnings per share for the current fiscal year.
Nexa Resources Company Profile
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.
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