Scotiabank Decreases Earnings Estimates for Nexa Resources

Nexa Resources S.A. (NYSE:NEXA) – Equities research analysts at Scotiabank lowered their FY2026 EPS estimates for Nexa Resources in a report released on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $2.65 per share for the year, down from their previous forecast of $3.03. Scotiabank has a “Sector Perform” rating and a $14.00 price objective on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $2.59 per share.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). Nexa Resources had a return on equity of 20.25% and a net margin of 8.02%.The company had revenue of $907.93 million for the quarter, compared to analyst estimates of $906.52 million.

Several other equities analysts have also issued reports on NEXA. Citigroup raised their price objective on Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 28th. Zacks Research downgraded shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Morgan Stanley lifted their price objective on Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nexa Resources in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.40.

Nexa Resources Trading Down 1.1%

NYSE NEXA opened at $15.23 on Monday. The firm’s fifty day moving average price is $13.50 and its 200 day moving average price is $13.05. Nexa Resources has a 12 month low of $4.70 and a 12 month high of $16.89. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.46. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94.

Institutional Trading of Nexa Resources

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Nexa Resources by 47.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,292,701 shares of the company’s stock valued at $13,684,000 after acquiring an additional 414,474 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Nexa Resources in the 2nd quarter worth approximately $596,000. Sagil Capital LLP acquired a new stake in shares of Nexa Resources in the 4th quarter worth approximately $11,651,000. Walleye Capital LLC increased its stake in Nexa Resources by 33.6% in the 1st quarter. Walleye Capital LLC now owns 698,458 shares of the company’s stock valued at $7,397,000 after purchasing an additional 175,477 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Nexa Resources by 67.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 329,346 shares of the company’s stock worth $3,488,000 after purchasing an additional 133,222 shares during the last quarter.

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.