Sagil Capital LLP Makes New $11.65 Million Investment in Nexa Resources S.A. $NEXA

Sagil Capital LLP bought a new position in shares of Nexa Resources S.A. (NYSE:NEXA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,316,533 shares of the company’s stock, valued at approximately $11,651,000. Nexa Resources comprises about 2.7% of Sagil Capital LLP’s holdings, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC bought a new stake in shares of Nexa Resources during the fourth quarter worth $1,651,000. Goldman Sachs Group Inc. bought a new stake in shares of Nexa Resources during the fourth quarter worth $1,984,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Nexa Resources during the fourth quarter worth $44,000. Assenagon Asset Management S.A. grew its stake in shares of Nexa Resources by 283.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 44,067 shares of the company’s stock worth $390,000 after buying an additional 32,581 shares during the last quarter. Finally, First Affirmative Financial Network bought a new stake in shares of Nexa Resources during the third quarter worth $63,000.

Nexa Resources Stock Performance

Shares of NEXA opened at $12.85 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.70 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The firm’s fifty day simple moving average is $13.92 and its two-hundred day simple moving average is $11.62. Nexa Resources S.A. has a 12 month low of $4.44 and a 12 month high of $16.89.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $888.32 million for the quarter, compared to analysts’ expectations of $885.90 million. Nexa Resources had a net margin of 6.44% and a return on equity of 16.32%. As a group, analysts predict that Nexa Resources S.A. will post 2.67 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on NEXA. Weiss Ratings reissued a “hold (c)” rating on shares of Nexa Resources in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Nexa Resources from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Morgan Stanley raised shares of Nexa Resources from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 9th. Citigroup boosted their price objective on shares of Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nexa Resources has an average rating of “Hold” and a consensus target price of $11.30.

Nexa Resources Profile

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.