Nexa Resources S.A. (NYSE:NEXA) Receives Consensus Rating of “Hold” from Analysts

Shares of Nexa Resources S.A. (NYSE:NEXA) have received an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.74.

A number of research firms have recently commented on NEXA. Zacks Research upgraded shares of Nexa Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Scotiabank reduced their price objective on shares of Nexa Resources to $14.00 and set a “sector perform” rating for the company in a research note on Monday, March 23rd. Morgan Stanley upgraded shares of Nexa Resources from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 9th. Citigroup increased their price objective on shares of Nexa Resources from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st.

Hedge Funds Weigh In On Nexa Resources

A number of large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in Nexa Resources in the 4th quarter valued at about $36,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Nexa Resources in the 4th quarter valued at about $44,000. Royal Bank of Canada lifted its stake in Nexa Resources by 173.8% in the 1st quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock valued at $47,000 after purchasing an additional 2,784 shares during the last quarter. First Affirmative Financial Network acquired a new stake in Nexa Resources in the 3rd quarter valued at about $63,000. Finally, New York State Common Retirement Fund acquired a new stake in Nexa Resources in the 4th quarter valued at about $83,000.

Nexa Resources Price Performance

NEXA stock opened at $14.43 on Friday. The stock has a 50-day moving average price of $12.79 and a two-hundred day moving average price of $10.77. The stock has a market cap of $1.91 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.20 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 1.13. 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 earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $888.32 million during the quarter, compared to analysts’ expectations of $885.90 million. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%. Equities analysts forecast that Nexa Resources will post 2.67 EPS for the current fiscal year.

Nexa Resources Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, July 28th will be paid a dividend of $0.1321 per share. The ex-dividend date is Tuesday, July 28th. Nexa Resources’s dividend payout ratio is currently 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.