Nexa Resources (NYSE:NEXA) Downgraded by Wall Street Zen to Buy

Nexa Resources (NYSE:NEXA) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

A number of other equities research analysts also recently weighed in on NEXA. Citigroup raised their price objective on Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Morgan Stanley boosted their target price on shares of Nexa Resources from $11.50 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday. Zacks Research lowered shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Nexa Resources in a report on Wednesday, April 22nd. Finally, Scotiabank lifted their price objective on shares of Nexa Resources from $14.50 to $15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $13.00.

Nexa Resources Stock Up 9.9%

NYSE:NEXA traded up $1.33 during trading hours on Friday, reaching $14.79. The company’s stock had a trading volume of 989,099 shares, compared to its average volume of 695,254. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $1.96 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 0.16 and a beta of 0.94. The stock has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $12.47. Nexa Resources has a 12 month low of $4.61 and a 12 month high of $16.89.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $888.32 million for the quarter, compared to the consensus estimate of $885.90 million. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%. Equities analysts predict that Nexa Resources will post 2.7 EPS for the current fiscal year.

Institutional Trading of Nexa Resources

A number of institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in Nexa Resources during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Nexa Resources in the fourth quarter valued at about $36,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Nexa Resources in the fourth quarter valued at about $44,000. Royal Bank of Canada boosted its holdings in Nexa Resources by 173.8% in the first 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 acquired a new stake in Nexa Resources in the third quarter worth about $63,000.

Key Stories Impacting Nexa Resources

Here are the key news stories impacting Nexa Resources this week:

• Positive Sentiment: Nexa was added to Zacks’ “Strong Buy” and “Best Value Stocks” lists, which can boost investor interest by reinforcing the stock’s valuation appeal and momentum. New Strong Buy Stocks for July 10th
• Positive Sentiment: Zacks also highlighted Nexa as a top value stock, suggesting the shares may still screen attractively versus peers in the mining sector. Best Value Stocks to Buy for July 10th
• Positive Sentiment: Bank of America raised its price target on Nexa to $14.00, signaling improved expectations for the company’s outlook despite keeping an underperform rating. Nexa Resources Price Target Raised to $14.00 at Bank of America
• Neutral Sentiment: Zacks Research downgraded Nexa from Strong Buy to Hold, which may temper some enthusiasm even though the stock continues to appear in other bullish screeners.
• Neutral Sentiment: Another note said Nexa expects to keep its 2026 zinc output guidance unchanged after the Cajamarquilla fire, with lost output expected to be recovered in the second half. Can NEXA Sustain Zinc Output Guidance Post Cajamarquilla Halt?
• Negative Sentiment: The downgrade to Hold introduces some caution around near-term upside and suggests analysts see less compelling momentum than before.

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.