Nexa Resources (NYSE:NEXA) Issues Quarterly Earnings Results, Misses Expectations By $1.20 EPS

Nexa Resources (NYSE:NEXA) announced its earnings results on Thursday. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($1.20), Zacks reports. Nexa Resources had a negative net margin of 7.48% and a positive return on equity of 1.51%.

Nexa Resources Stock Performance

Shares of NYSE:NEXA opened at $5.97 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. Nexa Resources has a 1-year low of $5.10 and a 1-year high of $9.61. The firm’s 50 day simple moving average is $6.80 and its two-hundred day simple moving average is $7.07.

Analyst Ratings Changes

Several brokerages recently issued reports on NEXA. Morgan Stanley upgraded shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $7.50 to $7.80 in a research report on Thursday, December 12th. Scotiabank cut their target price on shares of Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.16.

About Nexa Resources

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.