Nexa Resources S.A. (NYSE:NEXA) Short Interest Down 38.7% in January

Nexa Resources S.A. (NYSE:NEXA) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,200 shares, a decrease of 38.7% from the December 31st total of 29,700 shares. Based on an average daily volume of 114,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Nexa Resources

A hedge fund recently raised its stake in Nexa Resources stock. Dimensional Fund Advisors LP lifted its stake in Nexa Resources S.A. (NYSE:NEXA) by 11.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 593,983 shares of the company’s stock after acquiring an additional 63,197 shares during the period. Dimensional Fund Advisors LP owned 0.45% of Nexa Resources worth $4,538,000 at the end of the most recent reporting period.

Nexa Resources Trading Up 9.1 %

Shares of Nexa Resources stock traded up $0.52 on Wednesday, reaching $6.25. 45,100 shares of the company were exchanged, compared to its average volume of 66,352. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. Nexa Resources has a fifty-two week low of $5.10 and a fifty-two week high of $9.61. The firm has a market capitalization of $827.61 million, a price-to-earnings ratio of -4.14 and a beta of 1.48. The stock has a fifty day moving average price of $7.47 and a 200-day moving average price of $7.24.

Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, October 31st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Nexa Resources had a positive return on equity of 1.51% and a negative net margin of 7.48%. The firm had revenue of $709.48 million during the quarter, compared to analysts’ expectations of $727.74 million. During the same period last year, the business earned ($0.43) earnings per share. On average, analysts expect that Nexa Resources will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEXA shares. Morgan Stanley raised shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank raised their price target on shares of Nexa Resources from $5.75 to $7.00 and gave the company a “sector underperform” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Nexa Resources has a consensus rating of “Hold” and a consensus price target of $7.56.

About Nexa Resources

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.