Nexa Resources S.A. (NYSE:NEXA – Get Free Report) has earned a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.25.
Several brokerages recently commented on NEXA. BMO Capital Markets upped their price target on shares of Nexa Resources from $7.00 to $7.50 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Bank of America upped their target price on shares of Nexa Resources from $7.50 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Nexa Resources from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Morgan Stanley increased their price objective on shares of Nexa Resources from $7.00 to $7.50 and gave the company an “underweight” rating in a research note on Friday, June 21st. Finally, Scotiabank increased their price objective on shares of Nexa Resources from $6.00 to $7.00 and gave the company a “sector underperform” rating in a research note on Thursday, May 30th.
Get Our Latest Stock Report on NEXA
Nexa Resources Stock Performance
Nexa Resources (NYSE:NEXA – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The business had revenue of $579.78 million for the quarter, compared to analysts’ expectations of $587.03 million. Nexa Resources had a negative net margin of 11.81% and a negative return on equity of 4.82%. As a group, research analysts predict that Nexa Resources will post 0.47 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Nexa Resources stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nexa Resources S.A. (NYSE:NEXA – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,117,846 shares of the company’s stock, valued at approximately $8,004,000.
Nexa Resources Company 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.
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