Shares of Nexa Resources S.A. (NYSE:NEXA - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.10 and last traded at $5.23, with a volume of 2008 shares changing hands. The stock had previously closed at $5.15.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on NEXA shares. Morgan Stanley upgraded shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank decreased their price objective on shares of Nexa Resources from $7.00 to $5.00 and set a "sector underperform" rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.16.
Check Out Our Latest Stock Analysis on Nexa Resources
Nexa Resources Stock Performance
The company has a market capitalization of $727.76 million, a PE ratio of -3.64 and a beta of 1.45. The business's fifty day moving average is $6.80 and its two-hundred day moving average is $7.07. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.
Nexa Resources (NYSE:NEXA - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($1.00) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($1.20). The company had revenue of $740.92 million for the quarter, compared to analysts' expectations of $731.81 million. Nexa Resources had a negative net margin of 7.48% and a positive return on equity of 1.51%. Equities research analysts predict that Nexa Resources S.A. will post 0.28 earnings per share for the current year.
Institutional Investors Weigh In On Nexa Resources
An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP raised its stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 628,414 shares of the company's stock after buying an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Nexa Resources worth $5,531,000 as of its most recent SEC filing.
Nexa Resources Company Profile
(
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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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