Nexa Resources (NYSE:NEXA) Stock Price Expected to Rise, Scotiabank Analyst Says

Nexa Resources (NYSE:NEXA - Get Free Report) had its target price lifted by equities research analysts at Scotiabank from $5.75 to $7.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "sector underperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 0.29% from the stock's current price.

Separately, Morgan Stanley raised Nexa Resources from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Two investment 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 presently has a consensus rating of "Hold" and an average price target of $7.56.

Nexa Resources Stock Performance

NYSE NEXA traded down $0.07 on Monday, hitting $6.98. 87,426 shares of the stock traded hands, compared to its average volume of 200,909. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13. The business's fifty day moving average is $7.94 and its two-hundred day moving average is $7.39. 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 $924.43 million, a price-to-earnings ratio of -4.62 and a beta of 1.48.

Institutional Trading of Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP boosted its position in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 593,983 shares of the company's stock after purchasing an additional 63,197 shares during the quarter. Dimensional Fund Advisors LP owned about 0.45% of Nexa Resources worth $4,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.