Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.80, but opened at $9.36. Nexa Resources shares last traded at $9.08, with a volume of 61,603 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Morgan Stanley raised Nexa Resources from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $7.50 to $7.80 in a research report on Thursday, December 12th. Scotiabank lowered their target price on shares of Nexa Resources from $6.00 to $5.75 and set a "sector underperform" rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Nexa Resources presently has an average rating of "Hold" and a consensus target price of $7.31.
Get Our Latest Stock Report on NEXA
Nexa Resources Price Performance
The business has a fifty day moving average of $7.97 and a two-hundred day moving average of $7.41. 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 firm has a market capitalization of $953.57 million, a price-to-earnings ratio of -4.77 and a beta of 1.52.
Institutional Trading of Nexa Resources
A hedge fund recently raised its stake in Nexa Resources stock. Renaissance Technologies LLC grew its stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,792 shares of the company's stock after acquiring an additional 12,092 shares during the period. Renaissance Technologies LLC owned 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.
About Nexa Resources
(
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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