Nexa Resources SA (NYSE:NEXA) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $14.94 and last traded at $15.00, with a volume of 880 shares changing hands. The stock had previously closed at $15.23.

A number of brokerages recently issued reports on NEXA. Credit Suisse Group set a $23.00 price objective on Nexa Resources and gave the company a “buy” rating in a research note on Tuesday, May 1st. Scotiabank reiterated an “outperform” rating and set a $23.50 price target on shares of Nexa Resources in a research report on Thursday, May 3rd. Zacks Investment Research cut Nexa Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. JPMorgan Chase & Co. decreased their price target on Nexa Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 23rd. Finally, ValuEngine cut Nexa Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Nexa Resources has an average rating of “Buy” and an average target price of $22.59.

The stock has a market cap of $2.10 billion and a price-to-earnings ratio of 10.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.31 and a quick ratio of 1.87.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings results on Monday, April 30th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.11). Nexa Resources had a net margin of 6.37% and a return on equity of 5.78%. The company had revenue of $676.19 million for the quarter. equities analysts expect that Nexa Resources SA will post 1.62 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in NEXA. Tower Research Capital LLC TRC bought a new stake in shares of Nexa Resources during the fourth quarter valued at about $123,000. Virtu Financial LLC bought a new position in shares of Nexa Resources in the fourth quarter worth approximately $242,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Nexa Resources in the first quarter worth approximately $259,000. California Public Employees Retirement System bought a new position in shares of Nexa Resources in the first quarter worth approximately $264,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Nexa Resources in the first quarter worth approximately $295,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.

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