Nexa Resources (NYSE:NEXA) Upgraded by BMO Capital Markets to "Hold" Rating

Nexa Resources (NYSE:NEXA - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Bank of America lowered their price objective on shares of Nexa Resources from $8.00 to $6.50 and set an "underperform" rating for the company in a research report on Monday, March 10th. Scotiabank lowered their price target on Nexa Resources from $5.00 to $4.50 and set a "sector underperform" rating for the company in a report on Monday, April 7th.

Nexa Resources Stock Up 1.7 %

Shares of Nexa Resources stock opened at $6.11 on Tuesday. The business has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $6.83. The stock has a market cap of $809.20 million, a PE ratio of -3.97 and a beta of 1.09. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. Nexa Resources has a 12 month low of $5.04 and a 12 month high of $9.61.

Nexa Resources (NYSE:NEXA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.00) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($1.20). The firm had revenue of $740.92 million during the quarter, compared to analyst estimates of $731.81 million. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. Research analysts predict that Nexa Resources will post 1.03 EPS for the current year.

Institutional Trading of Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC purchased a new position in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,341 shares of the company's stock, valued at approximately $126,000.

About Nexa Resources

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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