Nexa Resources SA (NYSE:NEXA) has been given an average recommendation of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.13.

Several equities analysts recently commented on NEXA shares. ValuEngine upgraded Nexa Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded Nexa Resources from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, October 11th. Credit Suisse Group began coverage on Nexa Resources in a research report on Thursday, October 18th. They issued a “buy” rating and a $17.00 price objective for the company. National Bank Financial began coverage on Nexa Resources in a research report on Wednesday, October 31st. They issued an “outperform” rating for the company. Finally, BMO Capital Markets began coverage on Nexa Resources in a research report on Tuesday, January 8th. They issued a “market perform” rating and a $19.00 price objective for the company.

Shares of Nexa Resources stock traded down $0.16 during midday trading on Wednesday, hitting $10.08. 21,252 shares of the company were exchanged, compared to its average volume of 284,673. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.55 and a quick ratio of 2.15. The company has a market capitalization of $1.49 billion, a PE ratio of 7.11 and a beta of 0.74. Nexa Resources has a 52 week low of $9.79 and a 52 week high of $21.61.

Nexa Resources (NYSE:NEXA) last posted its earnings results on Wednesday, October 31st. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.23. The business had revenue of $595.10 million during the quarter, compared to the consensus estimate of $553.28 million. Nexa Resources had a return on equity of 1.61% and a net margin of 1.74%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Nexa Resources will post 0.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its stake in shares of Nexa Resources by 39.2% in the 3rd quarter. Legal & General Group Plc now owns 10,720 shares of the company’s stock valued at $129,000 after buying an additional 3,020 shares during the period. California Public Employees Retirement System increased its stake in shares of Nexa Resources by 29.7% in the 2nd quarter. California Public Employees Retirement System now owns 19,561 shares of the company’s stock valued at $230,000 after buying an additional 4,476 shares during the period. Bank of Montreal Can increased its stake in shares of Nexa Resources by 12.9% in the 3rd quarter. Bank of Montreal Can now owns 59,622 shares of the company’s stock valued at $719,000 after buying an additional 6,825 shares during the period. Bank of America Corp DE increased its stake in shares of Nexa Resources by 3,982.4% in the 2nd quarter. Bank of America Corp DE now owns 10,206 shares of the company’s stock valued at $120,000 after buying an additional 9,956 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Nexa Resources in the 3rd quarter valued at $131,000. Hedge funds and other institutional investors own 10.86% of the company’s stock.

Nexa Resources Company Profile

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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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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