Nexa Resources (NYSE:NEXA) Reaches New 12-Month High at $7.92

Nexa Resources S.A. (NYSE:NEXA) hit a new 52-week high on Friday . The company traded as high as $7.92 and last traded at $7.90, with a volume of 3862 shares traded. The stock had previously closed at $7.79.

Wall Street Analysts Forecast Growth

NEXA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Nexa Resources from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. BMO Capital Markets boosted their price target on Nexa Resources from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Scotiabank boosted their price target on Nexa Resources from $4.50 to $6.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, April 9th.

Nexa Resources Stock Performance

The firm has a 50-day moving average price of $7.36 and a 200 day moving average price of $6.86. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.98 and a quick ratio of 0.63.

Nexa Resources (NYSE:NEXA) last posted its earnings results on Thursday, May 2nd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Nexa Resources had a negative net margin of 11.81% and a negative return on equity of 4.82%. The firm had revenue of $579.78 million during the quarter, compared to analyst estimates of $587.03 million. On average, analysts anticipate that Nexa Resources S.A. will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Nexa Resources S.A. (NYSE:NEXA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.