Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s share price rose 1.9% on Monday . The company traded as high as $8.99 and last traded at $8.92. Approximately 8,054 shares traded hands during trading, a decline of 74% from the average daily volume of 31,278 shares. The stock had previously closed at $8.75.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NEXA. Scotiabank lowered their price target on Nexa Resources from $6.00 to $5.75 and set a "sector underperform" rating on the stock in a research report on Monday, November 4th. Morgan Stanley upgraded Nexa Resources from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.31.
Check Out Our Latest Analysis on Nexa Resources
Nexa Resources Stock Performance
The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -5.95 and a beta of 1.52. The firm has a fifty day simple moving average of $7.95 and a 200 day simple moving average of $7.39. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.
Institutional Investors Weigh In On Nexa Resources
An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP boosted its holdings in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 593,983 shares of the company's stock after acquiring an additional 63,197 shares during the quarter. Dimensional Fund Advisors LP owned 0.45% of Nexa Resources worth $4,538,000 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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