Brokers Offer Predictions for Nexa Resources FY2027 Earnings

Nexa Resources S.A. (NYSE:NEXA) – Analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Nexa Resources in a research note issued to investors on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $1.77 for the year, down from their prior forecast of $1.83. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share.

NEXA has been the topic of a number of other reports. Citigroup increased their target price on shares of Nexa Resources from $5.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded Nexa Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Morgan Stanley set a $7.70 target price on Nexa Resources and gave the stock an “underweight” rating in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Nexa Resources in a report on Monday, December 29th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Nexa Resources presently has a consensus rating of “Reduce” and a consensus price target of $7.74.

Nexa Resources Trading Up 5.6%

NYSE NEXA opened at $11.89 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $10.56 and a 200-day simple moving average of $7.23. Nexa Resources has a one year low of $4.44 and a one year high of $14.94.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NEXA. Police & Firemen s Retirement System of New Jersey purchased a new stake in Nexa Resources during the fourth quarter worth approximately $36,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Nexa Resources during the fourth quarter worth approximately $44,000. Assenagon Asset Management S.A. purchased a new stake in shares of Nexa Resources during the 3rd quarter worth approximately $57,000. First Affirmative Financial Network acquired a new position in shares of Nexa Resources in the 3rd quarter valued at $63,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Nexa Resources in the 4th quarter valued at $83,000.

About Nexa Resources

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.