Stock analysts at BMO Capital Markets started coverage on shares of Nexa Resources (NYSE:NEXA - Get Free Report) in a report released on Wednesday. The firm set a "market perform" rating and a $6.00 price target on the stock. BMO Capital Markets' price objective would suggest a potential downside of 1.72% from the company's current price.
A number of other brokerages have also issued reports on NEXA. Scotiabank reduced their target price on shares of Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating on the stock in a research report on Monday, April 7th. Bank of America lowered their target price on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating for the company in a research note on Monday, March 10th.
Check Out Our Latest Research Report on Nexa Resources
Nexa Resources Stock Up 1.1 %
NYSE:NEXA traded up $0.07 on Wednesday, hitting $6.11. 4,065 shares of the company's stock traded hands, compared to its average volume of 48,049. The company has a market cap of $808.54 million, a PE ratio of -3.96 and a beta of 1.09. Nexa Resources has a 1 year low of $5.04 and a 1 year high of $9.61. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $5.68 and a 200-day moving average price of $6.81.
Nexa Resources (NYSE:NEXA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $740.92 million during the quarter, compared to analyst estimates of $731.81 million. Equities analysts anticipate that Nexa Resources will post 1.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new stake in Nexa Resources S.A. (NYSE:NEXA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,341 shares of the company's stock, valued at approximately $126,000.
About Nexa Resources
(
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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.
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