Shares of Nexa Resources S.A. (NYSE:NEXA - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.09, but opened at $8.38. Nexa Resources shares last traded at $8.38, with a volume of 1,675 shares.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on NEXA shares. Morgan Stanley raised shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.50 to $7.80 in a research report on Thursday, December 12th. Scotiabank cut their price target on shares of Nexa Resources from $6.00 to $5.75 and set a "sector underperform" rating on the stock in a research note on Monday, November 4th. Two 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.31.
Check Out Our Latest Stock Analysis on Nexa Resources
Nexa Resources Price Performance
The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -5.60 and a beta of 1.52. The company's 50-day simple moving average is $7.78 and its 200 day simple moving average is $7.35.
Institutional Trading of Nexa Resources
A hedge fund recently raised its stake in Nexa Resources stock. Renaissance Technologies LLC lifted its position in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,792 shares of the company's stock after acquiring an additional 12,092 shares during the period. Renaissance Technologies LLC owned approximately 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.
About Nexa Resources
(
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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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