Nexa Resources S.A. (NYSE:NEXA) Sees Significant Decline in Short Interest

Nexa Resources S.A. (NYSE:NEXA - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 22,000 shares, a decline of 13.0% from the January 31st total of 25,300 shares. Approximately 0.1% of the company's stock are short sold. Based on an average trading volume of 115,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NEXA shares. Scotiabank dropped their price objective on shares of Nexa Resources from $7.00 to $5.00 and set a "sector underperform" rating on the stock in a research note on Friday, February 7th. Morgan Stanley raised shares of Nexa Resources from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.16.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC bought a new stake in Nexa Resources S.A. (NYSE:NEXA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,341 shares of the company's stock, valued at approximately $126,000.

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Nexa Resources Price Performance

Shares of NYSE:NEXA traded up $0.18 during midday trading on Friday, reaching $5.60. 19,636 shares of the company were exchanged, compared to its average volume of 42,989. The stock has a market cap of $741.00 million, a PE ratio of -3.63 and a beta of 1.50. The business's fifty day moving average is $6.16 and its two-hundred day moving average is $6.98. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. Nexa Resources has a one year low of $5.05 and a one year high of $9.61.

Nexa Resources (NYSE:NEXA - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $731.81 million. As a group, analysts predict that Nexa Resources will post 1.03 earnings per share for the current year.

Nexa Resources Company Profile

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.