Nexa Resources S.A. (NYSE:NEXA) Stock Has Average Price Target of $14.94

Nexa Resources S.A. (NYSE:NEXA – Get Free Report) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.94.

NEXA has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Nexa Resources in a research note on Friday. Wall Street Zen lowered shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexa Resources in a report on Friday. Morgan Stanley raised shares of Nexa Resources from an “equal weight” rating to an “overweight” rating and set a $14.20 price objective for the company in a report on Tuesday, October 6th. Finally, Scotiabank upped their price objective on shares of Nexa Resources from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, August 28th.

Check Out Our Latest Analysis on Nexa Resources

Hedge Funds Weigh In On Nexa Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new stake in shares of Nexa Resources during the second quarter worth approximately $28,000. Royal Bank of Canada raised its holdings in Nexa Resources by 173.8% in the first quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock valued at $47,000 after acquiring an additional 2,784 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Nexa Resources in the second quarter valued at approximately $105,000. World Equity Group Inc. purchased a new position in Nexa Resources in the second quarter worth approximately $161,000. Finally, Two Sigma Securities LLC purchased a new position in Nexa Resources in the second quarter worth approximately $164,000.

Nexa Resources Price Performance

NYSE NEXA opened at $12.30 on Wednesday. The firm’s fifty day simple moving average is $13.29 and its two-hundred day simple moving average is $13.54. The firm has a market capitalization of $1.63 billion, a P/E ratio of 5.88, a P/E/G ratio of 0.14 and a beta of 0.94. The company has a current ratio of 0.80, a quick ratio of 0.46 and a debt-to-equity ratio of 1.08. Nexa Resources has a 12-month low of $5.05 and a 12-month high of $16.89.

Nexa Resources (NYSE:NEXA – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.07). The company had revenue of $907.93 million for the quarter, compared to analysts’ expectations of $906.52 million. Nexa Resources had a return on equity of 20.25% and a net margin of 8.02%. Analysts forecast that Nexa Resources will post 2.69 EPS for the current fiscal year.

Nexa Resources Company Profile

(Get Free Report)

Nexa Resources SA (NYSE:NEXA) is a global mining and metals company focused primarily on the production of zinc, lead, copper and silver. The company also produces related byproducts and refined materials, including sulfuric acid and various metal alloys, which serve customers in industrial, infrastructure, construction and manufacturing markets.

Nexa operates an integrated platform that includes underground and open-pit mines, mineral-processing facilities and zinc smelters. Its principal mining and metallurgical operations are located in Brazil and Peru, with the Cajamarquilla zinc refinery in Peru and additional mining and smelting assets in Brazil.

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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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