Nexa Resources (NYSE:NEXA) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.66.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Nexa Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Thursday, February 8th. Credit Suisse Group restated a “buy” rating and issued a $23.00 target price on shares of Nexa Resources in a research note on Sunday, February 25th. BMO Capital Markets restated an “outperform” rating and issued a $26.00 target price (up from $23.00) on shares of Nexa Resources in a research note on Wednesday, February 21st. Scotiabank lowered their target price on shares of Nexa Resources from $25.50 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Finally, JPMorgan Chase lowered their target price on shares of Nexa Resources from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 23rd.
Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Nexa Resources during the fourth quarter worth $123,000. Virtu Financial LLC acquired a new stake in shares of Nexa Resources during the fourth quarter worth $242,000. Two Sigma Investments LP acquired a new stake in shares of Nexa Resources during the fourth quarter worth $429,000. Wells Fargo & Company MN acquired a new stake in shares of Nexa Resources during the fourth quarter worth $1,166,000. Finally, Impala Asset Management LLC acquired a new stake in shares of Nexa Resources during the fourth quarter worth $1,374,000. Institutional investors and hedge funds own 16.07% of the company’s stock.
Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). Nexa Resources had a net margin of 6.75% and a return on equity of 5.81%. The business had revenue of $736.70 million for the quarter, compared to the consensus estimate of $677.86 million. analysts forecast that Nexa Resources will post 2.42 earnings per share for the current fiscal year.
The company also recently announced a Not Available dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. Nexa Resources’s dividend payout ratio (DPR) is 33.10%.
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Nexa Resources Company Profile
Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.
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