Nexa Resources (NYSE:NEXA) released its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.23, Briefing.com reports. The company had revenue of $595.10 million during the quarter, compared to analysts’ expectations of $553.28 million. Nexa Resources had a net margin of 4.47% and a return on equity of 4.21%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year.
NYSE NEXA traded up $1.74 on Thursday, hitting $12.89. 161,400 shares of the stock were exchanged, compared to its average volume of 211,857. The company has a current ratio of 2.47, a quick ratio of 2.04 and a debt-to-equity ratio of 0.49. Nexa Resources has a 52 week low of $10.52 and a 52 week high of $21.61. The firm has a market capitalization of $1.48 billion and a P/E ratio of 9.08.
A number of analysts have recently commented on NEXA shares. Credit Suisse Group started coverage on shares of Nexa Resources in a research report on Thursday, October 18th. They issued a “buy” rating and a $17.00 price objective on the stock. Zacks Investment Research raised shares of Nexa Resources from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, October 11th. ValuEngine raised shares of Nexa Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. National Bank Financial started coverage on shares of Nexa Resources in a research report on Wednesday. They issued an “outperform” rating on the stock. Finally, Bank of America lowered shares of Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Nexa Resources currently has an average rating of “Buy” and a consensus target price of $20.44.
About Nexa Resources
Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. It also produces copper, lead, silver and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.
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