Nexa Resources S.A. (NYSE:NEXA) Sees Large Decrease in Short Interest

Nexa Resources S.A. (NYSE:NEXA) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 22,000 shares, a decline of 13.0% from the January 31st total of 25,300 shares. Based on an average trading volume of 115,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEXA. Scotiabank reduced their price objective 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 upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company 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 issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Nexa Resources presently has an average rating of “Hold” and a consensus price target of $7.16.

Nexa Resources Trading Up 1.1 %

Shares of Nexa Resources stock traded up $0.06 on Thursday, hitting $5.41. 12,544 shares of the company’s stock traded hands, compared to its average volume of 43,534. Nexa Resources has a one year low of $5.05 and a one year high of $9.61. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. The company has a fifty day moving average of $6.29 and a two-hundred day moving average of $7.00. The company has a market capitalization of $716.49 million, a price-to-earnings ratio of -3.51 and a beta of 1.50.

Nexa Resources (NYSE:NEXA) last announced its earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of $0.20 by ($1.20). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The business had revenue of $740.92 million for the quarter, compared to the consensus estimate of $731.81 million. As a group, sell-side analysts expect that Nexa Resources will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP increased its position in shares of Nexa Resources S.A. (NYSE:NEXA) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 628,414 shares of the company’s stock after buying an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned about 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent quarter.

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.