Nexa Resources SA (NYSE:NEXA) Given Consensus Rating of “Hold” by Analysts

Nexa Resources SA (NYSE:NEXA) has received an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.13.

Several equities analysts recently commented on NEXA shares. Zacks Investment Research raised shares of Nexa Resources from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. cut their price target on shares of Nexa Resources from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th.

NYSE:NEXA traded up $0.17 during mid-day trading on Wednesday, hitting $9.33. 768 shares of the stock traded hands, compared to its average volume of 148,276. The firm’s 50-day moving average is $9.86. The company has a market cap of $1.27 billion, a P/E ratio of 33.32, a PEG ratio of 3.15 and a beta of 0.53. Nexa Resources has a 12-month low of $8.22 and a 12-month high of $14.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.95 and a current ratio of 2.42.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.29). The firm had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $567.66 million. Nexa Resources had a net margin of 0.24% and a negative return on equity of 1.12%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that Nexa Resources will post 0.25 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in Nexa Resources by 0.3% in the 4th quarter. Deutsche Bank AG now owns 252,508 shares of the company’s stock worth $3,003,000 after buying an additional 838 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of Nexa Resources by 3.4% in the 1st quarter. Renaissance Group LLC now owns 59,578 shares of the company’s stock worth $742,000 after acquiring an additional 1,937 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Nexa Resources by 8.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 39,077 shares of the company’s stock worth $465,000 after acquiring an additional 2,900 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Nexa Resources by 97.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,359 shares of the company’s stock worth $92,000 after acquiring an additional 3,627 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Nexa Resources in the 1st quarter worth approximately $72,000. 8.54% of the stock is owned by institutional investors and hedge funds.

Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. It also produces copper, lead, silver, and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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