Nexa Resources S.A. (NYSE:NEXA) Receives Average Rating of “Hold” from Analysts

Shares of Nexa Resources S.A. (NYSE:NEXA) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.7429.

NEXA has been the subject of several recent research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Nexa Resources in a research report on Monday, January 26th. Citigroup upped their price target on Nexa Resources from $5.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of Nexa Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nexa Resources in a research report on Monday, December 29th.

Nexa Resources Stock Up 0.9%

NEXA opened at $11.45 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.37. Nexa Resources has a 12 month low of $4.44 and a 12 month high of $14.94. The firm’s fifty day simple moving average is $10.85 and its 200 day simple moving average is $7.38.

Institutional Trading of Nexa Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in Nexa Resources during the fourth quarter worth about $36,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Nexa Resources in the fourth quarter valued at $44,000. Assenagon Asset Management S.A. acquired a new position in Nexa Resources during the third quarter worth $57,000. First Affirmative Financial Network bought a new stake in Nexa Resources during the third quarter worth $63,000. Finally, New York State Common Retirement Fund acquired a new stake in Nexa Resources in the fourth quarter valued at $83,000.

Nexa Resources Company 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.