Nexa Resources (NYSE:NEXA) Upgraded at Wall Street Zen

Nexa Resources (NYSE:NEXA) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

A number of other equities analysts have also commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Nexa Resources in a research note on Monday, December 29th. Scotiabank reaffirmed a “sector perform” rating on shares of Nexa Resources in a report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Nexa Resources from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley set a $7.70 price objective on Nexa Resources and gave the stock an “underweight” rating in a research note on Monday, December 15th. Finally, Citigroup raised their price objective on Nexa Resources from $5.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.81.

Nexa Resources Stock Up 13.3%

NEXA opened at $13.62 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.37. The company has a fifty day moving average of $11.36 and a 200 day moving average of $7.70. Nexa Resources has a fifty-two week low of $4.44 and a fifty-two week high of $14.94.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. The business had revenue of $903.00 million during the quarter, compared to the consensus estimate of $823.27 million. Nexa Resources had a net margin of 4.42% and a return on equity of 12.11%. As a group, sell-side analysts forecast that Nexa Resources will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nexa Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Nexa Resources during the 4th quarter worth approximately $36,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Nexa Resources during the fourth quarter worth $44,000. Assenagon Asset Management S.A. purchased a new stake in shares of Nexa Resources during the third quarter valued at $57,000. First Affirmative Financial Network purchased a new stake in shares of Nexa Resources during the third quarter valued at $63,000. Finally, New York State Common Retirement Fund bought a new position in shares of Nexa Resources in the fourth quarter worth about $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.