2 weeks Ago By ABMN Staff
Nexa Resources S.A. ( NYSE:NEXA – Get Free Report ) gapped up before the market opened on Friday .
The stock had previously closed at $7.10, but opened at $7.34.
Nexa Resources shares last traded at $7.42, with a volume of 1,575 shares. Analyst Ratings Changes A number of analysts have weighed in on NEXA shares.
Scotiabank cut their target price on shares of Nexa Resources from $7.00 to $6.00 and set a “sector underperform” rating on the stock in a research report on Tuesday, August 6th.
Morgan Stanley raised their target price on Nexa Resources from $7.00 to $7.50 and gave the company an “underweight” rating in a report on Friday, June 21st.
Finally, Bank of America lifted their price objective on shares of Nexa Resources from $7.50 to $8.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th.
Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.30.
Read Our Latest Research Report on NEXA Nexa Resources Trading Down 3.4 % Nexa Resources ( NYSE:NEXA – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.
15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03).
Nexa Resources had a negative net margin of 10.30% and a negative return on equity of 4.16%.
The company had revenue of $736.31 million for the quarter, compared to the consensus estimate of $674.20 million.
During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, equities research analysts expect that Nexa Resources S.
A. will post 0.03 earnings per share for the current fiscal year.
Institutional Trading of Nexa Resources Several institutional investors and hedge funds have recently modified their holdings of NEXA. Renaissance Technologies LLC increased its position in shares of Nexa Resources by 3.7% during the 2nd quarter.
Renaissance Technologies LLC now owns 341,792 shares of the company’s stock valued at $2,611,000 after purchasing an additional 12,092 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Nexa Resources by 11.9% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 593,983 shares of the company’s stock worth $4,538,000 after purchasing an additional 63,197 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd.
purchased a new stake in Nexa Resources during the first quarter valued at about $8,004,000. Nexa Resources Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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