Nexa Resources (NYSE:NEXA) Coverage Initiated at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Nexa Resources (NYSE:NEXA) in a research report report published on Wednesday morning. The firm issued a market perform rating and a $6.00 price objective on the stock.

Several other equities research analysts have also issued reports on NEXA. Scotiabank dropped their price target on Nexa Resources from $5.00 to $4.50 and set a “sector underperform” rating for the company in a research note on Monday, April 7th. Bank of America dropped their target price on Nexa Resources from $8.00 to $6.50 and set an “underperform” rating for the company in a research report on Monday, March 10th.

Nexa Resources Stock Up 1.1 %

Shares of NYSE NEXA opened at $6.11 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average of $5.68 and a 200-day moving average of $6.81. The firm has a market capitalization of $808.54 million, a price-to-earnings ratio of -3.96 and a beta of 1.09. Nexa Resources has a 12 month low of $5.04 and a 12 month high of $9.61.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $731.81 million. Sell-side analysts expect that Nexa Resources will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new stake in shares of Nexa Resources S.A. (NYSE:NEXA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,341 shares of the company’s stock, valued at approximately $126,000.

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.