Nexa Resources S.A. (NYSE:NEXA - Get Free Report) dropped 3.1% on Wednesday . The company traded as low as $5.99 and last traded at $6.01. Approximately 18,280 shares traded hands during trading, a decline of 81% from the average daily volume of 98,255 shares. The stock had previously closed at $6.20.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Scotiabank raised their target price on Nexa Resources from $5.75 to $7.00 and gave the stock a "sector underperform" rating in a research note on Monday, January 6th. Morgan Stanley upgraded 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.56.
Check Out Our Latest Analysis on NEXA
Nexa Resources Trading Down 0.3 %
The firm has a market cap of $818.48 million, a price-to-earnings ratio of -4.09 and a beta of 1.48. 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 company has a 50 day moving average price of $7.74 and a 200 day moving average price of $7.34.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP lifted its stake in Nexa Resources S.A. (NYSE:NEXA - Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.
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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