State Street Corp Sells 4,378 Shares of Nexa Resources S.A. (NYSE:NEXA)

State Street Corp cut its holdings in Nexa Resources S.A. (NYSE:NEXA) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,630 shares of the company’s stock after selling 4,378 shares during the period. State Street Corp’s holdings in Nexa Resources were worth $652,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC grew its holdings in Nexa Resources by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 341,792 shares of the company’s stock valued at $2,611,000 after buying an additional 12,092 shares in the last quarter.

Nexa Resources Price Performance

Shares of NEXA stock opened at $7.05 on Friday. The business’s fifty day moving average is $7.95 and its 200 day moving average is $7.40. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. The stock has a market cap of $933.70 million, a price-to-earnings ratio of -4.67 and a beta of 1.52. Nexa Resources S.A. has a twelve month low of $5.10 and a twelve month high of $9.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NEXA shares. Scotiabank dropped their price objective on Nexa Resources from $6.00 to $5.75 and set a “sector underperform” rating for the company in a research note on Monday, November 4th. Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $7.50 to $7.80 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.31.

Nexa Resources Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.