Nexa Resources (NYSE:NEXA) Shares Gap Up - Here's What Happened

Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.43, but opened at $5.77. Nexa Resources shares last traded at $5.60, with a volume of 13,747 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NEXA shares. Scotiabank cut their target price on shares of 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. Morgan Stanley upgraded shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $7.50 to $7.80 in a research note 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.16.

Nexa Resources Trading Down 3.6 %

The company has a market cap of $737.69 million, a price-to-earnings ratio of -3.62 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. The business's 50 day moving average price is $6.58 and its 200-day moving average price is $7.04.

Nexa Resources (NYSE:NEXA - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $740.92 million during the quarter, compared to the consensus estimate of $731.81 million. On average, research analysts forecast that Nexa Resources S.A. will post 1.03 EPS for the current year.

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Institutional Investors Weigh In On Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP boosted its stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 628,414 shares of the company's stock after acquiring an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.47% of Nexa Resources worth $5,531,000 as of its most recent SEC filing.

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.