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

Shares of Nexa Resources S.A. (NYSE:NEXA) have been given a consensus recommendation of “Reduce” by the eight research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.2857.

A number of brokerages recently weighed in on NEXA. JPMorgan Chase & Co. increased their price objective on shares of Nexa Resources from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Scotiabank increased their price objective on shares of Nexa Resources from $6.00 to $7.00 and gave the company a “sector perform” rating in a research report on Monday. Citigroup began coverage on shares of Nexa Resources in a research report on Tuesday, September 16th. They set a “neutral” rating and a $5.50 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Nexa Resources in a research report on Wednesday, October 8th. Finally, Morgan Stanley downgraded shares of Nexa Resources from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $7.00 to $5.00 in a research report on Tuesday, July 15th.

Institutional Trading of Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Assenagon Asset Management S.A. bought a new stake in shares of Nexa Resources S.A. (NYSE:NEXA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,486 shares of the company’s stock, valued at approximately $57,000.

Nexa Resources Trading Down 4.0%

Shares of NYSE NEXA opened at $5.45 on Wednesday. The company has a market cap of $721.80 million, a PE ratio of -45.41 and a beta of 0.84. The firm’s 50 day moving average price is $5.18 and its 200-day moving average price is $5.11. Nexa Resources has a 52-week low of $4.44 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.60 and a current ratio of 0.91.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The company had revenue of $763.50 million for the quarter, compared to the consensus estimate of $649.86 million. Nexa Resources had a negative net margin of 0.57% and a negative return on equity of 8.80%. On average, equities research analysts expect that Nexa Resources will post 1.03 EPS for the current fiscal year.

Nexa Resources Company Profile

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.