Nexa Resources (NYSE:NEXA) Stock Price Down 0.7% – Here’s What Happened

Nexa Resources S.A. (NYSE:NEXA) fell 0.7% during mid-day trading on Monday . The stock traded as low as $7.42 and last traded at $7.55. 43,648 shares were traded during trading, an increase of 46% from the average session volume of 29,862 shares. The stock had previously closed at $7.60.

Analysts Set New Price Targets

Separately, Scotiabank decreased their price objective on Nexa Resources from $6.00 to $5.75 and set a “sector underperform” rating on the stock in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.25.

Nexa Resources Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock’s fifty day moving average is $7.54 and its 200 day moving average is $7.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nexa Resources stock. Renaissance Technologies LLC grew its position in shares of Nexa Resources S.A. (NYSE:NEXA) by 3.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 341,792 shares of the company’s stock after acquiring an additional 12,092 shares during the period. Renaissance Technologies LLC owned about 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.

Nexa Resources Company Profile

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.