Shares of Nexa Resources SA (NYSE:NEXA) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $22.52.
Several equities analysts have recently commented on NEXA shares. Bank of America cut shares of Nexa Resources from a “buy” rating to an “underperform” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Nexa Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, ValuEngine cut shares of Nexa Resources from a “hold” rating to a “sell” rating in a report on Monday, August 13th.
Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Nexa Resources by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 640,923 shares of the company’s stock valued at $11,223,000 after purchasing an additional 20,282 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Nexa Resources by 25.5% in the 1st quarter. New York State Common Retirement Fund now owns 80,365 shares of the company’s stock valued at $1,407,000 after purchasing an additional 16,313 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Nexa Resources in the 1st quarter valued at $264,000. Russell Investments Group Ltd. acquired a new stake in shares of Nexa Resources in the 1st quarter valued at $1,678,000. Finally, BW Gestao de Investimentos Ltda. lifted its stake in shares of Nexa Resources by 57.0% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 389,066 shares of the company’s stock valued at $6,813,000 after purchasing an additional 141,259 shares during the last quarter. Institutional investors and hedge funds own 11.50% of the company’s stock.
NYSE NEXA traded up $0.19 on Thursday, hitting $11.05. 210,200 shares of the stock were exchanged, compared to its average volume of 236,637. Nexa Resources has a 52-week low of $10.52 and a 52-week high of $21.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.04 and a current ratio of 2.47. The stock has a market cap of $1.45 billion and a price-to-earnings ratio of 7.78.
Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Tuesday, July 31st. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.17. Nexa Resources had a net margin of 4.47% and a return on equity of 4.21%. The firm had revenue of $636.52 million for the quarter. research analysts forecast that Nexa Resources will post 0.57 EPS for the current fiscal year.
About Nexa Resources
Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. 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.
Further Reading: Earnings Per Share (EPS) Explained
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