BW Gestao de Investimentos Ltda. reduced its holdings in shares of Nexa Resources SA (NYSE:NEXA) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 436,580 shares of the company’s stock after selling 13,820 shares during the quarter. Nexa Resources accounts for about 2.0% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 9th biggest holding. BW Gestao de Investimentos Ltda.’s holdings in Nexa Resources were worth $5,195,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Nexa Resources by 3,982.4% in the 2nd quarter. Bank of America Corp DE now owns 10,206 shares of the company’s stock worth $120,000 after purchasing an additional 9,956 shares in the last quarter. Legal & General Group Plc increased its holdings in Nexa Resources by 39.2% in the 3rd quarter. Legal & General Group Plc now owns 10,720 shares of the company’s stock worth $129,000 after purchasing an additional 3,020 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in Nexa Resources in the 3rd quarter worth about $131,000. Northern Trust Corp increased its holdings in Nexa Resources by 69.3% in the 4th quarter. Northern Trust Corp now owns 22,468 shares of the company’s stock worth $267,000 after purchasing an additional 9,197 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in Nexa Resources in the 3rd quarter worth about $329,000. Institutional investors and hedge funds own 10.80% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Nexa Resources from a “strong sell” rating to a “hold” rating in a report on Saturday, February 23rd. Scotiabank cut Nexa Resources from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 14th. BMO Capital Markets began coverage on Nexa Resources in a research note on Tuesday, January 8th. They issued a “market perform” rating and a $19.00 price target for the company. Finally, Citigroup cut Nexa Resources from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research note on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Nexa Resources presently has an average rating of “Hold” and a consensus price target of $17.00.

Shares of NEXA stock opened at $12.35 on Wednesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 42.00, a P/E/G ratio of 1.97 and a beta of 0.20. The company has a quick ratio of 2.19, a current ratio of 2.60 and a debt-to-equity ratio of 0.48. Nexa Resources SA has a 1-year low of $8.22 and a 1-year high of $18.32.

The business also recently declared an annual dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.5255 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a dividend yield of 4.99%. Nexa Resources’s payout ratio is 189.29%.

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Nexa Resources Profile

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. It also produces copper, lead, silver and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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Institutional Ownership by Quarter for Nexa Resources (NYSE:NEXA)

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