Scotiabank Decreases Earnings Estimates for Nexa Resources

Nexa Resources S.A. (NYSE:NEXA) – Investment analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Nexa Resources in a research note issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $0.43 per share for the year, down from their prior forecast of $0.81. Scotiabank currently has a “Sector Underperform” rating and a $5.00 target price on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources’ FY2026 earnings at $0.22 EPS.

A number of other brokerages have also recently commented on NEXA. Bank of America decreased their price objective on Nexa Resources from $8.00 to $6.50 and set an “underperform” rating for the company in a research note on Monday, March 10th. Morgan Stanley raised Nexa Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $7.50 to $7.80 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.86.

Nexa Resources Stock Up 0.4 %

Shares of Nexa Resources stock opened at $5.71 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. Nexa Resources has a 12 month low of $5.04 and a 12 month high of $9.61. The business has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $6.92. The stock has a market cap of $756.23 million, a PE ratio of -3.71 and a beta of 1.50.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($1.20). Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. The company had revenue of $740.92 million for the quarter, compared to analyst estimates of $731.81 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new stake in Nexa Resources S.A. (NYSE:NEXA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,341 shares of the company’s stock, valued at approximately $126,000.

About Nexa Resources

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.