Walleye Capital LLC Acquires 175,477 Shares of Nexa Resources S.A. $NEXA

Walleye Capital LLC raised its stake in shares of Nexa Resources S.A. (NYSE:NEXA) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,458 shares of the company’s stock after buying an additional 175,477 shares during the quarter. Walleye Capital LLC’s holdings in Nexa Resources were worth $7,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Nexa Resources in the fourth quarter worth $36,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Nexa Resources in the 4th quarter worth $44,000. New York State Common Retirement Fund bought a new position in shares of Nexa Resources during the 4th quarter valued at about $83,000. Susquehanna Portfolio Strategies LLC purchased a new position in shares of Nexa Resources during the fourth quarter valued at about $88,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Nexa Resources in the third quarter worth about $134,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NEXA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nexa Resources in a research note on Monday. Morgan Stanley raised their target price on shares of Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Citigroup upped their price target on shares of Nexa Resources from $12.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Zacks Research cut shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Monday. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nexa Resources presently has an average rating of “Reduce” and an average target price of $13.00.

Nexa Resources Stock Performance

NYSE NEXA opened at $13.66 on Thursday. The business’s 50 day moving average price is $13.74 and its 200-day moving average price is $12.73. Nexa Resources S.A. has a fifty-two week low of $4.61 and a fifty-two week high of $16.89. The company has a market cap of $1.81 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.14 and a beta of 0.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.54 and a current ratio of 0.85.

Nexa Resources (NYSE:NEXA) last issued 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 company had revenue of $888.32 million during the quarter, compared to the consensus estimate of $885.90 million. Nexa Resources had a return on equity of 16.32% and a net margin of 6.44%. Sell-side analysts predict that Nexa Resources S.A. will post 2.7 earnings per share for the current year.

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.