GSA Capital Partners LLP Buys New Shares in Nexa Resources S.A. $NEXA

GSA Capital Partners LLP bought a new position in shares of Nexa Resources S.A. (NYSE:NEXA) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 48,714 shares of the company’s stock, valued at approximately $596,000.

Other large investors have also recently bought and sold shares of the company. Sagil Capital LLP bought a new position in Nexa Resources in the fourth quarter valued at approximately $11,651,000. Marshall Wace LLP bought a new stake in shares of Nexa Resources during the 4th quarter worth approximately $8,653,000. Pictet Asset Management Holding SA bought a new stake in shares of Nexa Resources during the 1st quarter worth approximately $7,572,000. Walleye Capital LLC acquired a new stake in shares of Nexa Resources in the 4th quarter valued at approximately $4,628,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Nexa Resources by 120.8% in the 4th quarter. Renaissance Technologies LLC now owns 852,800 shares of the company’s stock valued at $7,547,000 after buying an additional 466,500 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NEXA. JPMorgan Chase & Co. boosted their target price on shares of Nexa Resources from $7.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexa Resources in a research note on Monday, July 20th. Bank of America lifted their price objective on shares of Nexa Resources from $12.00 to $14.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Scotiabank lowered their price objective on shares of Nexa Resources from $15.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Citigroup upped their target price on shares of Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nexa Resources presently has an average rating of “Reduce” and an average price target of $14.40.

Nexa Resources Stock Performance

Shares of NYSE NEXA opened at $14.09 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.46 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.87 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.16 and a beta of 0.94. Nexa Resources S.A. has a 12 month low of $4.70 and a 12 month high of $16.89. The stock has a 50 day moving average of $13.44 and a 200-day moving average of $13.02.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results 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 net margin of 8.02% and a return on equity of 20.25%. The business had revenue of $907.93 million during the quarter, compared to the consensus estimate of $906.52 million. As a group, equities research analysts predict that Nexa Resources S.A. will post 2.72 EPS for the current year.

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.