Nexa Resources (NYSE:NEXA) Issues Quarterly Earnings Results

Nexa Resources (NYSE:NEXA) released its quarterly earnings data on Thursday. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.20 by ($1.20), Zacks reports. Nexa Resources had a negative net margin of 7.48% and a positive return on equity of 1.51%.

Nexa Resources Stock Up 11.2 %

NYSE:NEXA traded up $0.60 during mid-day trading on Thursday, reaching $5.97. The stock had a trading volume of 79,030 shares, compared to its average volume of 48,622. The company has a market capitalization of $790.66 million, a price-to-earnings ratio of -3.95 and a beta of 1.45. Nexa Resources has a 1-year low of $5.10 and a 1-year high of $9.61. The stock’s 50 day simple moving average is $6.85 and its two-hundred day simple moving average is $7.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

NEXA has been the topic of a number of analyst reports. Scotiabank dropped their target price on Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating on the stock in a research report on Friday, February 7th. Morgan Stanley raised Nexa Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $7.50 to $7.80 in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nexa Resources has a consensus rating of “Hold” and an average price target of $7.16.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.