Nexa Resources (NEXA) Projected to Post Earnings on Wednesday

Nexa Resources (NYSE:NEXA - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $731.81 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Nexa Resources Trading Down 0.4 %

NYSE NEXA traded down $0.02 during trading hours on Friday, hitting $5.56. 12,413 shares of the company's stock were exchanged, compared to its average volume of 30,436. The business's 50 day moving average is $7.01 and its 200-day moving average is $7.11. Nexa Resources has a 12-month low of $5.10 and a 12-month high of $9.61. The firm has a market capitalization of $736.37 million, a P/E ratio of -3.68 and a beta of 1.45. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEXA. Morgan Stanley upgraded Nexa Resources from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $7.50 to $7.80 in a research note on Thursday, December 12th. Scotiabank lowered their target price on Nexa Resources from $7.00 to $5.00 and set a "sector underperform" rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.16.

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.