Invst LLC Takes Position in Nexa Resources S.A. $NEXA

Invst LLC acquired a new stake in shares of Nexa Resources S.A. (NYSE:NEXA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 52,417 shares of the company’s stock, valued at approximately $642,000.

Several other large investors also recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new position in Nexa Resources in the 2nd quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Nexa Resources during the 4th quarter valued at about $36,000. Royal Bank of Canada boosted its holdings in shares of Nexa Resources by 173.8% during the 1st 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. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Nexa Resources in the fourth quarter worth approximately $44,000. Finally, Quantbot Technologies LP bought a new stake in shares of Nexa Resources in the second quarter worth approximately $105,000.

Nexa Resources Stock Performance

Shares of NYSE NEXA opened at $15.80 on Wednesday. The firm has a fifty day moving average price of $13.52 and a 200-day moving average price of $13.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.46. The stock has a market cap of $2.09 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. Nexa Resources S.A. has a 1 year low of $4.70 and a 1 year high of $16.89.

Nexa Resources (NYSE:NEXA) last issued its earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.07). Nexa Resources had a net margin of 8.02% and a return on equity of 20.25%. The business had revenue of $907.93 million for the quarter, compared to the consensus estimate of $906.52 million. Equities analysts anticipate that Nexa Resources S.A. will post 2.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NEXA has been the subject of a number of research reports. Scotiabank decreased their target price on shares of Nexa Resources from $15.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Wall Street Zen cut Nexa Resources from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 28th. Bank of America upped their price objective on Nexa Resources from $12.00 to $14.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Morgan Stanley increased their target price on Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, Zacks Research cut Nexa Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.40.

Nexa Resources 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.