Media headlines about Nexa Resources (NYSE:NEXA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nexa Resources earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.1254880058139 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
A number of research firms have recently weighed in 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 Thursday, February 8th. Credit Suisse Group reissued a “buy” rating and issued a $23.00 target price on shares of Nexa Resources in a report on Sunday, February 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price objective (up from $23.00) on shares of Nexa Resources in a report on Wednesday, February 21st. Scotiabank lowered their price target on Nexa Resources from $25.50 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, JPMorgan Chase decreased their target price on Nexa Resources from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, March 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.66.
Shares of Nexa Resources stock traded up $0.18 on Friday, reaching $17.25. 106,035 shares of the stock were exchanged, compared to its average volume of 250,161. Nexa Resources has a twelve month low of $15.27 and a twelve month high of $21.61. The company has a market capitalization of $1,946.16 and a price-to-earnings ratio of 12.15. The company has a quick ratio of 1.97, a current ratio of 2.39 and a debt-to-equity ratio of 0.48.
Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). Nexa Resources had a net margin of 6.75% and a return on equity of 5.81%. The company had revenue of $736.70 million during the quarter, compared to analyst estimates of $677.86 million. research analysts anticipate that Nexa Resources will post 2.41 EPS for the current fiscal year.
The business also recently declared a Not Available dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. Nexa Resources’s payout ratio is presently 33.10%.
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About Nexa Resources
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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