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

Nexa Resources S.A. (NYSE:NEXA) has received a consensus rating of “Reduce” from the eight research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.8667.

A number of brokerages have weighed in on NEXA. Zacks Research downgraded Nexa Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on Nexa Resources from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nexa Resources in a research note on Monday, December 29th. Scotiabank lowered their target price on Nexa Resources to $14.00 and set a “sector perform” rating for the company in a report on Monday, March 23rd. Finally, Morgan Stanley set a $7.70 price target on Nexa Resources and gave the stock an “underweight” rating in a report on Monday, December 15th.

Nexa Resources Stock Down 0.6%

Nexa Resources stock opened at $11.01 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.14 and a beta of 0.62. Nexa Resources has a 52-week low of $4.44 and a 52-week high of $14.94. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.58 and a current ratio of 0.87. The firm has a 50 day moving average price of $11.66 and a two-hundred day moving average price of $8.72.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. Nexa Resources had a net margin of 4.42% and a return on equity of 11.81%. The company had revenue of $903.00 million for the quarter, compared to analyst estimates of $823.27 million. Equities analysts predict that Nexa Resources will post 1.03 EPS for the current year.

Nexa Resources Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, July 28th will be given a dividend of $0.1321 per share. The ex-dividend date is Tuesday, July 28th. Nexa Resources’s payout ratio is presently 10.00%.

Institutional Investors Weigh In On Nexa Resources

A number of large investors have recently bought and sold shares of the stock. Sagil Capital LLP acquired a new position in shares of Nexa Resources during the fourth quarter valued at about $11,651,000. Marshall Wace LLP acquired a new stake in shares of Nexa Resources in the 4th quarter valued at about $8,653,000. Walleye Capital LLC bought a new stake in Nexa Resources in the 4th quarter valued at about $4,628,000. Renaissance Technologies LLC increased its position in Nexa Resources by 120.8% in the 4th quarter. Renaissance Technologies LLC now owns 852,800 shares of the company’s stock valued at $7,547,000 after buying an additional 466,500 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Nexa Resources during the 4th quarter worth approximately $2,404,000.

Nexa Resources Company Profile

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.