ValuEngine lowered shares of Nexa Resources (NYSE:NEXA) from a buy rating to a hold rating in a research note released on Monday.
Several other equities analysts also recently commented on NEXA. Zacks Investment Research raised shares of Nexa Resources from a hold rating to a strong-buy rating and set a $23.00 target price on the stock in a research report on Wednesday, January 24th. Scotiabank lowered their target price on shares of Nexa Resources from $25.50 to $24.00 and set an outperform rating on the stock in a research report on Tuesday, February 20th. BMO Capital Markets reissued an outperform rating and set a $26.00 target price (up from $23.00) on shares of Nexa Resources in a research report on Wednesday, February 21st. Credit Suisse Group reissued a buy rating and set a $23.00 target price on shares of Nexa Resources in a research report on Sunday, February 25th. Finally, JPMorgan Chase decreased their price target on shares of Nexa Resources from $26.00 to $25.00 and set a buy rating for the company in a report on Friday, March 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nexa Resources currently has a consensus rating of Buy and a consensus target price of $22.66.
Nexa Resources stock opened at $17.35 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 2.39. The firm has a market cap of $1,959.70 and a price-to-earnings ratio of 12.22. Nexa Resources has a one year low of $15.27 and a one year high of $21.61.
Nexa Resources (NYSE:NEXA) last posted its earnings results on Thursday, February 15th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $736.70 million for the quarter, compared to analyst estimates of $677.86 million. Nexa Resources had a return on equity of 5.81% and a net margin of 6.75%. sell-side analysts predict that Nexa Resources will post 2.41 EPS for the current fiscal year.
The company also recently declared a Not Available dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, March 13th. Nexa Resources’s dividend payout ratio (DPR) is 33.10%.
A number of hedge funds have recently added to or reduced their stakes in NEXA. CI Investments Inc. bought a new stake in Nexa Resources during the fourth quarter valued at about $11,741,000. Wells Fargo & Company MN bought a new stake in shares of Nexa Resources in the fourth quarter valued at about $1,166,000. BlackRock Inc. bought a new stake in shares of Nexa Resources in the fourth quarter valued at about $2,482,000. Tower Research Capital LLC TRC bought a new stake in shares of Nexa Resources in the fourth quarter valued at about $123,000. Finally, Virtu Financial LLC bought a new stake in shares of Nexa Resources in the fourth quarter valued at about $242,000. Institutional investors own 16.07% of the company’s stock.
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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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