Nexa Resources (NYSE:NEXA) PT Lowered to $7.00 at BMO Capital Markets

Nexa Resources (NYSE:NEXA) had its target price lowered by BMO Capital Markets from $7.50 to $7.00 in a report released on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Nexa Resources from $7.00 to $7.50 and gave the company a neutral rating in a research note on Tuesday, March 26th. Scotiabank increased their price objective on shares of Nexa Resources from $4.50 to $6.00 and gave the company a sector underperform rating in a research note on Tuesday, April 9th.

Nexa Resources Stock Up 0.9 %

NYSE NEXA opened at $7.40 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average price is $7.21 and its 200-day moving average price is $6.68. Nexa Resources has a 52-week low of $4.14 and a 52-week high of $7.62.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. Nexa Resources had a negative net margin of 11.81% and a negative return on equity of 4.82%. The firm had revenue of $629.90 million for the quarter, compared to the consensus estimate of $593.27 million. On average, equities analysts forecast that Nexa Resources will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nexa Resources S.A. (NYSE:NEXA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,117,846 shares of the company’s stock, valued at approximately $8,004,000.

Nexa Resources Company Profile

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.