FY2027 EPS Estimates for Nexa Resources Lifted by Analyst

Nexa Resources S.A. (NYSE:NEXA) – Investment analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Nexa Resources in a research report issued to clients and investors on Thursday, May 14th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $2.25 for the year, up from their previous estimate of $1.75. Scotiabank currently has a “Sector Perform” rating and a $14.00 price target on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $2.67 per share.

Several other research firms have also recently commented on NEXA. Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised their price objective on Nexa Resources from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Citigroup lifted their price objective on Nexa Resources from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Wall Street Zen raised Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Finally, Zacks Research upgraded Nexa Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.74.

Nexa Resources Stock Performance

NYSE:NEXA opened at $14.24 on Monday. The firm has a 50-day moving average of $12.63 and a two-hundred day moving average of $10.62. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $1.89 billion, a P/E ratio of 9.01, a PEG ratio of 0.20 and a beta of 0.90. Nexa Resources has a 1-year low of $4.44 and a 1-year high of $16.89.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%.The firm had revenue of $888.32 million during the quarter, compared to analysts’ expectations of $885.90 million.

Hedge Funds Weigh In On Nexa Resources

Several large investors have recently added to or reduced their stakes in NEXA. Bank of America Corp DE increased its stake in Nexa Resources by 133.6% during the first quarter. Bank of America Corp DE now owns 734,476 shares of the company’s stock valued at $7,778,000 after purchasing an additional 420,005 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Nexa Resources by 47.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,292,701 shares of the company’s stock valued at $13,684,000 after buying an additional 414,474 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Nexa Resources by 67.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 329,346 shares of the company’s stock worth $3,488,000 after acquiring an additional 133,222 shares during the period. Hsbc Holdings PLC lifted its holdings in Nexa Resources by 17.5% in the first quarter. Hsbc Holdings PLC now owns 19,333 shares of the company’s stock worth $203,000 after acquiring an additional 2,879 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Nexa Resources by 3.2% in the first quarter. Renaissance Technologies LLC now owns 879,872 shares of the company’s stock valued at $9,318,000 after acquiring an additional 27,072 shares during the period.

Nexa Resources Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, July 28th will be issued a $0.1321 dividend. The ex-dividend date is Tuesday, July 28th. Nexa Resources’s payout ratio is 6.33%.

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.