Nexa Resources (NYSE:NEXA) Given New $7.00 Price Target at Royal Bank of Canada

Nexa Resources (NYSE:NEXA) had its price target lowered by Royal Bank of Canada from $8.00 to $7.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Scotiabank reiterated an “underperform” rating on shares of Nexa Resources in a research report on Wednesday, May 14th. Bank of America cut their target price on shares of Nexa Resources from $8.00 to $6.50 and set an “underperform” rating for the company in a research report on Monday, March 10th. Finally, BMO Capital Markets started coverage on shares of Nexa Resources in a research report on Wednesday, April 16th. They issued a “market perform” rating and a $6.00 price target on the stock. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.46.

Nexa Resources Price Performance

Shares of NYSE:NEXA opened at $4.94 on Wednesday. The business’s 50 day simple moving average is $5.64 and its 200-day simple moving average is $6.30. The firm has a market capitalization of $654.25 million, a price-to-earnings ratio of -3.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. Nexa Resources has a 12 month low of $4.90 and a 12 month high of $9.61.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $627.12 million for the quarter, compared to analyst estimates of $635.17 million. Nexa Resources had a negative return on equity of 8.49% and a negative net margin of 7.37%. As a group, equities analysts forecast that Nexa Resources will post 1.03 earnings per share for the current fiscal year.

Nexa Resources Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.1012 per share. The ex-dividend date of this dividend is Tuesday, June 10th. Nexa Resources’s payout ratio is currently -25.98%.

Institutional Trading of Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC purchased a new position in shares of Nexa Resources S.A. (NYSE:NEXA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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.