Nexa Resources (NEXA) Stock Price, News & Analysis

Company Overview

Nexa Resources S.A., 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. The company owns and operates six polymetallic mines, including three located in the Central Andes of Peru; two located in the State of Minas Gerais in Brazil; and one located in the State of Mato Grosso in Brazil. It also owns and operates three zinc smelters comprising one located in Cajamarquilla in Peru; and two located in the State of Minas Gerais in Brazil, which recovers and produces metallic zinc, zinc oxide, and by-products, such as sulfuric acid. The company also exports its products. Its products are used in civil construction, transportation, energy, agriculture, health, and consumer goods industries. The company was formerly known as VM Holding S.A. and changed its name to Nexa Resources S.A. in September 2017. The company was founded in 1956 and is based in Luxembourg, Luxembourg. Nexa Resources S.A. operates as a subsidiary of Votorantim S.A.

Key Stats

• Today's Range: $7.33 to $7.61
• 50-Day Range: $6.56 to $8.05
• 52-Week Range: $5.10 to $8.09
• Volume: 37,482 shs
• Average Volume: 29,802 shs
• Market Capitalization: $1.01 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.25
• Consensus Rating: Reduce

Nexa Resources Stock Analysis - MarketRank™

Nexa Resources scored higher than 20% of companies evaluated by MarketBeat, and ranked 173rd out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Nexa Resources has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on 1 buy rating, 1 hold rating, and 3 sell ratings.

Amount of Analyst Coverage

Nexa Resources has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 1,766.67%

Earnings Growth

Earnings for Nexa Resources are expected to grow by 1,766.67% in the coming year, from $0.03 to $0.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nexa Resources is -5.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nexa Resources is -5.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Nexa Resources has a PEG Ratio of 6.88. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Nexa Resources has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% of the float of Nexa Resources has been sold short.

Short Interest Ratio / Days to Cover

Nexa Resources has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nexa Resources has recently increased by 43.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Nexa Resources does not currently pay a dividend.

Dividend Growth

Nexa Resources does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Nexa Resources will have a dividend payout ratio of 58.93% next year. This indicates that Nexa Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% of the float of Nexa Resources has been sold short.

Short Interest Ratio / Days to Cover

Nexa Resources has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nexa Resources has recently increased by 43.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Nexa Resources this week, compared to 1 article on an average week.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nexa Resources insiders have not sold or bought any company stock.

NEXA Stock Analysis - Frequently Asked Questions

How have NEXA shares performed this year?

Nexa Resources' stock was trading at $7.14 on January 1st, 2024. Since then, NEXA shares have increased by 6.4% and is now trading at $7.60.
View the best growth stocks for 2024 here.

How were Nexa Resources' earnings last quarter?

Nexa Resources S.A. (NYSE:NEXA) announced its quarterly earnings results on Thursday, August, 1st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by $0.03. The business earned $736.31 million during the quarter, compared to analyst estimates of $674.20 million. Nexa Resources had a negative net margin of 7.48% and a positive trailing twelve-month return on equity of 1.51%.

When did Nexa Resources IPO?

Nexa Resources (NEXA) raised $604 million in an initial public offering (IPO) on Friday, October 27th 2017. The company issued 31,000,000 shares at a price of $18.00-$21.00 per share. J.P. Morgan, BMO Capital Markets, Morgan Stanley and Credit Suisse acted as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Scotiabank, Bradesco BBI, Credicorp Capital, ABN AMRO, Banco do Brasil Securities, Macquarie Capital, MUFG, National Bank of Canada Financial Markets and RBC Capital Markets were co-managers.

Who are Nexa Resources' major shareholders?

Nexa Resources' top institutional investors include State Street Corp and Jane Street Group LLC.

How do I buy shares of Nexa Resources?

Shares of NEXA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nexa Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nexa Resources investors own include Micron Technology (MU), Ford Motor (F), CVS Health (CVS), Pfizer (PFE), Energy Transfer (ET), Intel (INTC) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:NEXA
• CUSIP: N/A
• CIK: 1713930
• Web: www.nexaresources.com
• Phone: (522) 826-3727
• Fax: N/A
• Employees: 5,771
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.25
• High Stock Price Target: $8.00
• Low Stock Price Target: $5.75
• Potential Upside/Downside: -4.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.51)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 253.33
• P/E Growth: 6.88
• Net Income: $-289,350,000.00
• Net Margins: -7.48%
• Pretax Margin: -5.96%
• Return on Equity: 1.51%
• Return on Assets: 0.43%

Debt

• Debt-to-Equity Ratio: 1.39
• Current Ratio: 1.13
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $2.66 billion
• Price / Sales: 0.38
• Cash Flow: $3.30 per share
• Price / Cash Flow: 2.30
• Book Value: $12.91 per share
• Price / Book: 0.59

Miscellaneous

• Outstanding Shares: 132,440,000
• Free Float: N/A
• Market Cap: $1.01 billion
• Optionable: Optionable
• Beta: 1.52