Nexa Resources S.A. (NYSE:NEXA) Given Average Recommendation of “Hold” by Analysts

Nexa Resources S.A. (NYSE:NEXA) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.74.

Several research firms have commented on NEXA. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexa Resources in a report on Wednesday, April 22nd. Zacks Research lowered shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of Nexa Resources from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Thursday, February 26th. Scotiabank decreased their price target on shares of Nexa Resources to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st.

Nexa Resources Stock Up 3.0%

NEXA stock opened at $15.97 on Wednesday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 15.97, a PEG ratio of 0.27 and a beta of 0.90. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.58 and a current ratio of 0.87. Nexa Resources has a one year low of $4.44 and a one year high of $16.75. The company has a 50 day moving average price of $12.17 and a two-hundred day moving average price of $9.98.

Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, February 26th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Nexa Resources had a net margin of 4.42% and a return on equity of 11.81%. As a group, sell-side analysts expect that Nexa Resources will post 2.08 EPS for the current year.

Nexa Resources Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, July 28th will be issued a $0.1321 dividend. The ex-dividend date is Tuesday, July 28th. Nexa Resources’s dividend payout ratio (DPR) is 10.00%.

Hedge Funds Weigh In On Nexa Resources

Hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Nexa Resources in the 4th quarter valued at $36,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Nexa Resources in the 4th quarter valued at $44,000. New York State Common Retirement Fund acquired a new position in shares of Nexa Resources in the 4th quarter valued at $83,000. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Nexa Resources in the 4th quarter valued at $88,000. Finally, First Affirmative Financial Network acquired a new position in shares of Nexa Resources during the 3rd quarter valued at $63,000.

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.