Brokerages Set Nexa Resources S.A. (NYSE:NEXA) Target Price at $5.67

Nexa Resources S.A. (NYSE:NEXA) has been given an average recommendation of “Reduce” by the six research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.6667.

NEXA has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Nexa Resources from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $7.00 to $5.00 in a report on Tuesday, July 15th. Royal Bank Of Canada dropped their price objective on Nexa Resources from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, June 4th. Citigroup initiated coverage on Nexa Resources in a report on Tuesday. They issued a “neutral” rating and a $5.50 price objective for the company. Finally, Scotiabank set a $4.00 price objective on Nexa Resources and gave the company a “sector underperform” rating in a report on Tuesday, August 5th.

Nexa Resources Stock Performance

Shares of NYSE NEXA opened at $4.97 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $4.90 and its two-hundred day moving average is $5.23. The company has a market cap of $657.82 million, a P/E ratio of -7.30 and a beta of 0.89. Nexa Resources has a 12 month low of $4.44 and a 12 month high of $9.61.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.16. The business had revenue of $708.42 million for the quarter, compared to analysts’ expectations of $625.20 million. Nexa Resources had a negative return on equity of 6.54% and a negative net margin of 3.26%. On average, equities analysts expect that Nexa Resources will post 1.03 EPS for the current year.

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.