Nexa Resources (NYSE:NEXA) Price Target Raised to $7.50 at BMO Capital Markets

Nexa Resources (NYSE:NEXA) had its price target lifted by BMO Capital Markets from $7.00 to $7.50 in a report published on Tuesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. raised their target price on Nexa Resources from $7.00 to $7.50 and gave the company a neutral rating in a research report on Tuesday, March 26th. Scotiabank raised their target price on Nexa Resources from $4.50 to $6.00 and gave the company a sector underperform rating in a research report on Tuesday, April 9th.

Nexa Resources Price Performance

Shares of NEXA opened at $7.60 on Tuesday. The business’s 50-day moving average is $7.31 and its two-hundred day moving average is $6.81. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 1.14. Nexa Resources has a fifty-two week low of $4.14 and a fifty-two week high of $7.68.

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

Institutional Inflows and Outflows

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) during the first quarter, according to its most recent disclosure with the SEC. The firm 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.