Analysts Issue Forecasts for Nexa Resources FY2027 Earnings

Nexa Resources S.A. (NYSE:NEXA) – Equities research analysts at Scotiabank reduced their FY2027 earnings per share estimates for Nexa Resources in a report issued on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $1.77 per share for the year, down from their prior estimate of $1.83. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share.

NEXA has been the topic of several other reports. Wall Street Zen raised shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Citigroup increased their target price on shares of Nexa Resources from $5.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Nexa Resources in a research report on Monday, December 29th. Finally, Morgan Stanley set a $7.70 price objective on Nexa Resources and gave the company an “underweight” rating in a research note on Monday, December 15th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Nexa Resources presently has an average rating of “Reduce” and an average price target of $7.74.

Nexa Resources Stock Down 6.6%

Shares of Nexa Resources stock opened at $11.14 on Monday. The firm’s fifty day simple moving average is $10.72 and its 200-day simple moving average is $7.32. Nexa Resources has a 12 month low of $4.44 and a 12 month high of $14.94. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in shares of Nexa Resources in the 4th quarter valued at about $207,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Nexa Resources in the fourth quarter valued at $36,000. HRT Financial LP acquired a new position in shares of Nexa Resources during the 4th quarter worth $509,000. New York State Common Retirement Fund purchased a new stake in shares of Nexa Resources in the 4th quarter worth about $83,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Nexa Resources in the 3rd quarter worth about $134,000.

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.