Nexa Resources S.A. (NYSE:NEXA - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.56, but opened at $5.90. Nexa Resources shares last traded at $5.74, with a volume of 4,831 shares traded.
Analyst Ratings Changes
Several research firms have recently issued reports on NEXA. Bank of America reduced their price target on Nexa Resources from $8.00 to $6.50 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Scotiabank decreased their target price on Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating for the company in a research report on Monday, April 7th.
Check Out Our Latest Report on NEXA
Nexa Resources Stock Up 1.2 %
The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm's fifty day moving average price is $5.66 and its 200-day moving average price is $6.85. The company has a market cap of $802.58 million, a price-to-earnings ratio of -3.94 and a beta of 1.09.
Nexa Resources (NYSE:NEXA - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($1.20). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The business had revenue of $740.92 million during the quarter, compared to analyst estimates of $731.81 million. Sell-side analysts predict that Nexa Resources S.A. will post 1.03 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,341 shares of the company's stock, valued at approximately $126,000.
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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