News coverage about Nexa Resources (NYSE:NEXA) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nexa Resources earned a news impact score of 0.21 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.2626419362267 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have issued reports on NEXA shares. Credit Suisse Group started coverage on shares of Nexa Resources in a research note on Tuesday, November 28th. They set an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research raised shares of Nexa Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, January 24th. Scotiabank decreased their price target on shares of Nexa Resources from $25.50 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price target (up from $23.00) on shares of Nexa Resources in a research note on Wednesday, February 21st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.37.
Shares of Nexa Resources stock opened at $18.98 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.39 and a quick ratio of 1.97. Nexa Resources has a 12-month low of $15.27 and a 12-month high of $21.61. The stock has a market cap of $2,163.91 and a P/E ratio of 13.09.
Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, February 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). Nexa Resources had a return on equity of 5.81% and a net margin of 6.75%. The company had revenue of $736.70 million during the quarter, compared to analyst estimates of $677.86 million. analysts anticipate that Nexa Resources will post 2.25 EPS for the current fiscal year.
The business also recently announced a Not Available dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. Nexa Resources’s dividend payout ratio is presently 32.41%.
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Nexa Resources Company Profile
Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.
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