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

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEXA shares. JPMorgan Chase & Co. boosted their target price on Nexa Resources from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Scotiabank lifted their price target on shares of Nexa Resources from $4.50 to $6.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, April 9th. Finally, BMO Capital Markets raised their price objective on Nexa Resources from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Tuesday.

Nexa Resources Stock Performance

The stock has a market cap of $1.05 billion, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.98 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $6.84.

Nexa Resources (NYSE:NEXA) last announced its earnings results on Thursday, May 2nd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The company had revenue of $579.78 million during 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, research analysts forecast that Nexa Resources S.A. will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Nexa Resources

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

About Nexa Resources

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.