Nexa Resources S.A. (NYSE:NEXA – Free Report) – Investment analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Nexa Resources in a report issued on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $3.11 per share for the year, up from their prior forecast of $2.96. Scotiabank currently has a “Sector Perform” rating and a $14.00 target price on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $2.72 per share.
Nexa Resources (NYSE:NEXA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.02% and a return on equity of 20.25%.
Check Out Our Latest Analysis on NEXA
Nexa Resources Stock Down 0.6%
NEXA stock opened at $14.09 on Friday. The company has a 50 day moving average of $13.44 and a two-hundred day moving average of $13.02. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.16 and a beta of 0.94. Nexa Resources has a 12-month low of $4.70 and a 12-month high of $16.89. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 1.08.
Institutional Trading of Nexa Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEXA. Dimensional Fund Advisors LP grew its stake in shares of Nexa Resources by 47.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,292,701 shares of the company’s stock worth $13,684,000 after acquiring an additional 414,474 shares during the last quarter. Sagil Capital LLP acquired a new position in Nexa Resources during the 4th quarter valued at $11,651,000. Walleye Capital LLC raised its stake in Nexa Resources by 33.6% during the 1st quarter. Walleye Capital LLC now owns 698,458 shares of the company’s stock valued at $7,397,000 after purchasing an additional 175,477 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nexa Resources by 67.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 329,346 shares of the company’s stock valued at $3,488,000 after purchasing an additional 133,222 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Nexa Resources in the 2nd quarter valued at $596,000.
About Nexa Resources
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.
Recommended Stories
- Five stocks we like better than Nexa Resources
- SK hynix Triggers $28B Defense Against Tech Selloff
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter.
