Media headlines about Nexa Resources (NYSE:NEXA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nexa Resources earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.7750004006216 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
NEXA stock opened at $17.51 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.97 and a debt-to-equity ratio of 0.48. Nexa Resources has a twelve month low of $15.27 and a twelve month high of $21.61. The firm has a market cap of $1,975.50 and a price-to-earnings ratio of 12.33.
Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). Nexa Resources had a net margin of 6.75% and a return on equity of 5.81%. The firm had revenue of $736.70 million for the quarter, compared to the consensus estimate of $677.86 million. analysts anticipate that Nexa Resources will post 2.41 EPS for the current fiscal year.
A number of research firms have weighed in on NEXA. JPMorgan Chase cut their price objective on shares of Nexa Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 23rd. Credit Suisse Group reiterated a “buy” rating and set a $23.00 price objective on shares of Nexa Resources in a research report on Sunday, February 25th. BMO Capital Markets reiterated an “outperform” rating and set a $26.00 price objective (up previously from $23.00) on shares of Nexa Resources in a research report on Wednesday, February 21st. Scotiabank cut their price objective on shares of Nexa Resources from $25.50 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded shares of Nexa Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Thursday, February 8th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.66.
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Nexa Resources Company Profile
Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.
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