Nexa Resources (NYSE:NEXA) Releases Earnings Results, Beats Estimates By $0.26 EPS

Nexa Resources (NYSE:NEXA) issued its quarterly earnings data on Thursday. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.26, FiscalAI reports. Nexa Resources had a net margin of 4.00% and a return on equity of 28.07%. The business had revenue of $937.13 million during the quarter, compared to analysts’ expectations of $952.11 million.

Nexa Resources Trading Down 8.1%

NEXA traded down $0.97 during trading on Friday, hitting $11.03. The company’s stock had a trading volume of 1,081,181 shares, compared to its average volume of 579,113. The firm’s 50 day moving average price is $12.89 and its 200-day moving average price is $12.98. 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 $1.46 billion, a PE ratio of 10.03, a PEG ratio of 0.13 and a beta of 0.94. Nexa Resources has a twelve month low of $5.05 and a twelve month high of $16.89.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Nexa Resources in a research note on Friday, October 16th. Wall Street Zen downgraded shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 28th. Bank of America boosted their target price on shares of Nexa Resources from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Thursday, July 9th. Scotiabank upped their target price on shares of Nexa Resources from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexa Resources in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.94.

About Nexa Resources

Nexa Resources SA (NYSE:NEXA) is a global mining and metals company focused primarily on the production of zinc, lead, copper and silver. The company also produces related byproducts and refined materials, including sulfuric acid and various metal alloys, which serve customers in industrial, infrastructure, construction and manufacturing markets.

Nexa operates an integrated platform that includes underground and open-pit mines, mineral-processing facilities and zinc smelters. Its principal mining and metallurgical operations are located in Brazil and Peru, with the Cajamarquilla zinc refinery in Peru and additional mining and smelting assets in Brazil.