Nexa Resources S.A. (NYSE:NEXA) Short Interest Update

Nexa Resources S.A. (NYSE:NEXA) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 250,526 shares, a growth of 61.1% from the November 30th total of 155,556 shares. Based on an average daily volume of 485,950 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 485,950 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Nexa Resources to a “buy” rating in a report on Saturday, November 1st. Citigroup began coverage on shares of Nexa Resources in a report on Tuesday, September 16th. They set a “neutral” rating and a $5.50 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Nexa Resources in a report on Monday, December 22nd. Morgan Stanley set a $7.70 price target on shares of Nexa Resources and gave the company an “underweight” rating in a research report on Monday, December 15th. Finally, Scotiabank increased their price target on Nexa Resources from $6.00 to $7.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Nexa Resources currently has a consensus rating of “Reduce” and a consensus price target of $6.67.

Nexa Resources Price Performance

Shares of NEXA traded up $0.28 during mid-day trading on Tuesday, reaching $9.21. 494,457 shares of the stock traded hands, compared to its average volume of 104,529. The firm has a fifty day moving average price of $6.79 and a 200 day moving average price of $5.61. Nexa Resources has a 1 year low of $4.44 and a 1 year high of $9.61. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -76.34, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.37.

Nexa Resources (NYSE:NEXA) last issued its earnings results on Thursday, October 30th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). Nexa Resources had a negative return on equity of 8.80% and a negative net margin of 0.57%.The business had revenue of $763.52 million during the quarter, compared to analysts’ expectations of $649.86 million. As a group, equities research analysts predict that Nexa Resources will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NEXA. Assenagon Asset Management S.A. bought a new position in shares of Nexa Resources during the 3rd quarter valued at approximately $57,000. First Affirmative Financial Network bought a new position in shares of Nexa Resources in the third quarter worth about $63,000. Susquehanna International Group LLP purchased a new stake in shares of Nexa Resources in the third quarter valued at approximately $134,000. GSA Capital Partners LLP grew its holdings in Nexa Resources by 7.5% during the 3rd quarter. GSA Capital Partners LLP now owns 35,753 shares of the company’s stock worth $178,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Nexa Resources by 142.4% during the third quarter. Citadel Advisors LLC now owns 60,287 shares of the company’s stock worth $301,000 after buying an additional 35,411 shares during the period.

About Nexa Resources

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.