Nexa Resources S.A. (NYSE:NEXA) Stock Has Consensus Price Target of $14.94

Nexa Resources S.A. (NYSE:NEXA) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.94.

A number of analysts have recently commented on NEXA shares. Citigroup restated a “neutral” rating on shares of Nexa Resources in a report on Friday. Bank of America raised their price objective on Nexa Resources from $12.00 to $14.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on Nexa Resources from $7.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wall Street Zen cut Nexa Resources from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nexa Resources in a research report on Friday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Nexa Resources by 159.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 697,972 shares of the company’s stock worth $8,508,000 after purchasing an additional 429,208 shares during the period. Elevated Financial Group LLC lifted its position in shares of Nexa Resources by 24.3% in the 3rd quarter. Elevated Financial Group LLC now owns 33,039 shares of the company’s stock worth $403,000 after buying an additional 6,453 shares during the last quarter. Triumph Capital Management boosted its holdings in shares of Nexa Resources by 4.4% in the 3rd quarter. Triumph Capital Management now owns 33,704 shares of the company’s stock valued at $411,000 after buying an additional 1,431 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Nexa Resources by 83.2% in the 2nd quarter. Engineers Gate Manager LP now owns 122,959 shares of the company’s stock valued at $1,505,000 after buying an additional 55,852 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of Nexa Resources during the 2nd quarter valued at about $203,000.

Nexa Resources Trading Down 2.8%

NYSE:NEXA opened at $12.30 on Wednesday. The stock has a 50-day simple moving average of $13.29 and a 200-day simple moving average of $13.54. The stock has a market cap of $1.63 billion, a P/E ratio of 5.88, a P/E/G ratio of 0.14 and a beta of 0.94. Nexa Resources has a 1 year low of $5.05 and a 1 year high of $16.89. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.46 and a current ratio of 0.80.

Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.07). Nexa Resources had a return on equity of 20.25% and a net margin of 8.02%. The business had revenue of $907.93 million for the quarter, compared to analyst estimates of $906.52 million. As a group, analysts anticipate that Nexa Resources will post 2.69 earnings per share for the current fiscal year.

About Nexa Resources

Nexa Resources SA (NYSE:NEXA) is a global mining and metals company focused primarily on the production of zinc, lead, copper and silver. The company also produces related byproducts and refined materials, including sulfuric acid and various metal alloys, which serve customers in industrial, infrastructure, construction and manufacturing markets.

Nexa operates an integrated platform that includes underground and open-pit mines, mineral-processing facilities and zinc smelters. Its principal mining and metallurgical operations are located in Brazil and Peru, with the Cajamarquilla zinc refinery in Peru and additional mining and smelting assets in Brazil.