Renaissance Technologies LLC Has $2.61 Million Stock Position in Nexa Resources S.A. (NYSE:NEXA)

Renaissance Technologies LLC increased its holdings in Nexa Resources S.A. (NYSE:NEXA) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,792 shares of the company’s stock after acquiring an additional 12,092 shares during the period. Renaissance Technologies LLC owned about 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.

Separately, Dimensional Fund Advisors LP increased its holdings in Nexa Resources by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 593,983 shares of the company’s stock worth $4,538,000 after purchasing an additional 63,197 shares in the last quarter.

Nexa Resources Stock Up 3.6 %

Shares of NYSE:NEXA opened at $7.53 on Wednesday. Nexa Resources S.A. has a 1 year low of $4.82 and a 1 year high of $8.09. The company has a market capitalization of $997.27 million, a PE ratio of -3.39, a price-to-earnings-growth ratio of 4.61 and a beta of 1.53. The business has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $7.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.16 and a quick ratio of 0.78.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $736.31 million for the quarter, compared to the consensus estimate of $674.20 million. Nexa Resources had a negative net margin of 10.30% and a negative return on equity of 4.16%. During the same quarter in the previous year, the company posted $0.04 EPS. Analysts forecast that Nexa Resources S.A. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NEXA has been the topic of a number of recent research reports. Bank of America raised their target price on Nexa Resources from $7.50 to $8.00 and gave the company an “underperform” rating in a report on Wednesday, June 26th. Scotiabank cut their price objective on shares of Nexa Resources from $7.00 to $6.00 and set a “sector underperform” rating on the stock in a report on Tuesday, August 6th. Finally, Morgan Stanley boosted their price target on shares of Nexa Resources from $7.00 to $7.50 and gave the stock an “underweight” rating in a report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Nexa Resources currently has an average rating of “Hold” and an average price target of $7.30.

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.