Nexa Resources (NYSE:NEXA) Given New $7.00 Price Target at Scotiabank

Nexa Resources (NYSE:NEXAFree Report) had its price target boosted by Scotiabank from $6.00 to $7.00 in a research note released on Thursday, Benzinga reports. Scotiabank currently has a sector underperform rating on the stock.

NEXA has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on shares of 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 objective on shares of Nexa Resources from $7.00 to $7.50 and gave the company an outperform rating in a research note on Tuesday, May 21st.

Read Our Latest Report on Nexa Resources

Nexa Resources Trading Up 0.3 %

NEXA opened at $7.97 on Thursday. The business’s fifty day simple moving average is $7.40 and its 200 day simple moving average is $6.91. Nexa Resources has a 52 week low of $4.14 and a 52 week high of $8.01. 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 (NYSE:NEXAGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The firm had revenue of $579.78 million for the quarter, compared to analyst estimates of $587.03 million. Nexa Resources had a negative return on equity of 4.82% and a negative net margin of 11.81%. As a group, equities analysts predict that Nexa Resources will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

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

Nexa Resources Company Profile

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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.

Further Reading

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