Analysts Set Nexa Resources S.A. (NYSE:NEXA) PT at $13.00

Shares of Nexa Resources S.A. (NYSE:NEXA) have been assigned a consensus rating of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.00.

Several equities research analysts have issued reports on NEXA shares. Morgan Stanley boosted their price objective on shares of Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Bank of America raised their target price on shares of Nexa Resources from $12.00 to $14.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexa Resources in a report on Wednesday, April 22nd. Finally, Citigroup boosted their price target on Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd.

Institutional Investors Weigh In On Nexa Resources

Several hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Nexa Resources during the second quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Nexa Resources in the fourth quarter worth about $36,000. Nano Cap New Millennium Growth Fund L P bought a new position in Nexa Resources during the 4th quarter worth about $44,000. Royal Bank of Canada grew its holdings in Nexa Resources by 173.8% during the 1st quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock worth $47,000 after acquiring an additional 2,784 shares in the last quarter. Finally, First Affirmative Financial Network purchased a new position in Nexa Resources during the 3rd quarter valued at about $63,000.

Nexa Resources Stock Up 0.4%

NYSE:NEXA opened at $12.23 on Monday. Nexa Resources has a twelve month low of $4.61 and a twelve month high of $16.89. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.13 and a beta of 0.94. The stock has a fifty day simple moving average of $13.80 and a 200-day simple moving average of $12.65. 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 (NYSE:NEXA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $888.32 million for the quarter, compared to analysts’ expectations of $885.90 million. Nexa Resources had a net margin of 6.44% and a return on equity of 16.32%. Analysts anticipate that Nexa Resources will post 2.7 EPS for the current year.

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.