Brokers Offer Predictions for Nexa Resources FY2027 Earnings

Nexa Resources S.A. (NYSE:NEXA) – Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of Nexa Resources in a research note issued to investors on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $1.77 per share for the year, down from their prior forecast of $1.83. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Morgan Stanley set a $7.70 price target on shares of Nexa Resources and gave the stock an “underweight” rating in a research note on Monday, December 15th. Citigroup lifted their price objective on shares of Nexa Resources from $5.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Nexa Resources in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $7.74.

Nexa Resources Trading Up 5.6%

NEXA opened at $11.89 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.37. Nexa Resources has a 52 week low of $4.44 and a 52 week high of $14.94. The business’s 50 day moving average is $10.56 and its two-hundred day moving average is $7.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NEXA. Goldman Sachs Group Inc. acquired a new position in Nexa Resources during the 4th quarter worth approximately $1,984,000. Millennium Management LLC boosted its stake in shares of Nexa Resources by 124.1% in the third quarter. Millennium Management LLC now owns 73,190 shares of the company’s stock valued at $365,000 after buying an additional 40,535 shares in the last quarter. Citadel Advisors LLC grew its holdings in Nexa Resources by 142.4% during the third quarter. Citadel Advisors LLC now owns 60,287 shares of the company’s stock worth $301,000 after acquiring an additional 35,411 shares during the period. Dimensional Fund Advisors LP raised its position in Nexa Resources by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 732,176 shares of the company’s stock worth $3,654,000 after acquiring an additional 26,829 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Nexa Resources in the fourth quarter valued at $36,000.

Nexa Resources Company Profile

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.