Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.10 and last traded at $5.10, with a volume of 3897 shares trading hands. The stock had previously closed at $5.17.
Analysts Set New Price Targets
NEXA has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank lowered 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.16.
Read Our Latest Report on NEXA
Nexa Resources Trading Up 3.2 %
The firm has a market cap of $741.00 million, a P/E ratio of -3.63 and a beta of 1.50. The stock has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $6.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13.
Nexa Resources (NYSE:NEXA - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($1.20). The business had revenue of $740.92 million during the quarter, compared to the consensus estimate of $731.81 million. Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. On average, research analysts expect that Nexa Resources S.A. will post 1.03 earnings per share for the current fiscal year.
Institutional Trading of Nexa Resources
An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC purchased a new stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,341 shares of the company's stock, valued at approximately $126,000.
Nexa Resources Company Profile
(
Get Free Report)
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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