Nexa Resources S.A. (NYSE:NEXA) Short Interest Down 13.0% in February

Nexa Resources S.A. (NYSE:NEXA) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 22,000 shares, a decline of 13.0% from the January 31st total of 25,300 shares. Based on an average daily volume of 115,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Nexa Resources

A hedge fund recently raised its stake in Nexa Resources stock. Dimensional Fund Advisors LP increased its holdings in shares of Nexa Resources S.A. (NYSE:NEXA) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 628,414 shares of the company’s stock after acquiring an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of Nexa Resources worth $5,531,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

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

Nexa Resources Trading Up 1.3 %

Shares of NYSE:NEXA opened at $5.42 on Friday. The business’s 50-day moving average is $6.22 and its 200 day moving average is $6.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. Nexa Resources has a 1 year low of $5.05 and a 1 year high of $9.61. The firm has a market capitalization of $717.82 million, a P/E ratio of -3.52 and a beta of 1.50.

Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($1.20). Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. The company had revenue of $740.92 million during the quarter, compared to analyst estimates of $731.81 million. On average, research analysts predict that Nexa Resources will post 1.03 earnings per share for the current fiscal year.

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.