FY2025 EPS Estimates for Nexa Resources Cut by Scotiabank

Nexa Resources S.A. (NYSE:NEXA - Free Report) - Equities research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Nexa Resources in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.43 per share for the year, down from their previous estimate of $0.81. Scotiabank currently has a "Sector Underperform" rating and a $5.00 price objective on the stock. The consensus estimate for Nexa Resources' current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources' FY2026 earnings at $0.22 EPS.

Several other brokerages also recently commented on NEXA. Bank of America reduced their price target 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. Morgan Stanley upgraded Nexa Resources from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $7.50 to $7.80 in a report on Thursday, December 12th.

Nexa Resources Trading Up 2.6 %

Shares of NEXA traded up $0.16 during midday trading on Monday, hitting $6.05. The stock had a trading volume of 29,994 shares, compared to its average volume of 47,685. The business has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $6.91. The firm has a market cap of $800.59 million, a P/E ratio of -3.93 and a beta of 1.50. 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 fifty-two week low of $5.04 and a fifty-two week high of $9.61.

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Nexa Resources (NYSE:NEXA - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.20 by ($1.20). The company had revenue of $740.92 million for the quarter, compared to analysts' expectations of $731.81 million. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP grew its stake in shares of Nexa Resources S.A. (NYSE:NEXA - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 628,414 shares of the company's stock after acquiring an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned 0.47% of Nexa Resources worth $5,531,000 as of its most recent SEC filing.

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.