Nexa Resources (NEXA) Expected to Announce Quarterly Earnings on Wednesday

Nexa Resources (NYSE:NEXA) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Nexa Resources to post earnings of $0.20 per share and revenue of $731.81 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Nexa Resources Price Performance

Shares of NEXA opened at $5.56 on Tuesday. The stock has a market capitalization of $736.37 million, a P/E ratio of -3.68 and a beta of 1.45. Nexa Resources has a twelve month low of $5.10 and a twelve month high of $9.61. The company has a 50 day moving average of $6.96 and a 200-day moving average of $7.10. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NEXA shares. Morgan Stanley raised Nexa Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank cut their price objective on Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.16.

About Nexa Resources

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.