Shares of Nexa Resources S.A. (NYSE:NEXA – Get Free Report) traded up 5.2% during mid-day trading on Friday after Bank of America raised their price target on the stock from $12.00 to $14.00. Bank of America currently has an underperform rating on the stock. Nexa Resources traded as high as $14.24 and last traded at $14.1570. 214,760 shares changed hands during trading, a decline of 78% from the average session volume of 993,570 shares. The stock had previously closed at $13.46.
Several other research analysts also recently issued reports on NEXA. Citigroup lifted their price target on Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of Nexa Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of Nexa Resources in a research report on Wednesday, April 22nd. Scotiabank upped their price target on shares of Nexa Resources from $14.50 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Morgan Stanley increased their price target on shares of Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nexa Resources currently has a consensus rating of “Reduce” and an average target price of $13.00.
Check Out Our Latest Analysis on Nexa Resources
Institutional Inflows and Outflows
Nexa Resources Trading Up 5.2%
The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 1.13. The business has a 50 day simple moving average of $13.97 and a two-hundred day simple moving average of $12.45. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94.
Nexa Resources (NYSE:NEXA – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Nexa Resources had a net margin of 6.44% and a return on equity of 16.32%. The business had revenue of $888.32 million for the quarter, compared to analyst estimates of $885.90 million. As a group, equities analysts anticipate that Nexa Resources S.A. will post 2.79 EPS for the current year.
Nexa Resources Company Profile
Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.
The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.
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