Nexa Resources S.A. (NYSE:NEXA) Receives Consensus Rating of “Reduce” from Brokerages

Nexa Resources S.A. (NYSE:NEXA) has received a consensus rating of “Reduce” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.00.

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Nexa Resources in a report on Wednesday, April 22nd. Citigroup upped their price target on shares of Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Scotiabank increased their price objective on Nexa Resources from $14.50 to $15.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen cut Nexa Resources from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Institutional Investors Weigh In On Nexa Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in NEXA. Financial Management Professionals Inc. bought a new stake in shares of Nexa Resources in the 2nd quarter valued at approximately $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in Nexa Resources during the fourth quarter valued at approximately $36,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Nexa Resources in the fourth quarter valued at approximately $44,000. Royal Bank of Canada lifted its stake in Nexa Resources by 173.8% in the first quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock valued at $47,000 after acquiring an additional 2,784 shares during the last quarter. Finally, First Affirmative Financial Network bought a new stake in Nexa Resources in the third quarter worth approximately $63,000.

Nexa Resources Trading Down 0.1%

NYSE:NEXA opened at $14.79 on Monday. The stock has a market cap of $1.96 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.16 and a beta of 0.94. Nexa Resources has a fifty-two week low of $4.61 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock’s 50-day moving average is $13.98 and its two-hundred day moving average is $12.50.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $888.32 million during the quarter, compared to analyst estimates of $885.90 million. Nexa Resources had a net margin of 6.44% and a return on equity of 16.32%. As a group, equities research analysts forecast that Nexa Resources will post 2.7 earnings per share for the current fiscal year.

Key Nexa Resources News

Here are the key news stories impacting Nexa Resources this week:

• Positive Sentiment: Nexa was added to Zacks’ “Strong Buy” and “Best Value Stocks” lists, which can boost investor interest by reinforcing the stock’s valuation appeal and momentum. New Strong Buy Stocks for July 10th
• Positive Sentiment: Zacks also highlighted Nexa as a top value stock, suggesting the shares may still screen attractively versus peers in the mining sector. Best Value Stocks to Buy for July 10th
• Positive Sentiment: Bank of America raised its price target on Nexa to $14.00, signaling improved expectations for the company’s outlook despite keeping an underperform rating. Nexa Resources Price Target Raised to $14.00 at Bank of America
• Neutral Sentiment: Zacks Research downgraded Nexa from Strong Buy to Hold, which may temper some enthusiasm even though the stock continues to appear in other bullish screeners.
• Neutral Sentiment: Another note said Nexa expects to keep its 2026 zinc output guidance unchanged after the Cajamarquilla fire, with lost output expected to be recovered in the second half. Can NEXA Sustain Zinc Output Guidance Post Cajamarquilla Halt?
• Negative Sentiment: The downgrade to Hold introduces some caution around near-term upside and suggests analysts see less compelling momentum than before.

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.