Nexa Resources (NYSE:NEXA) Posts Quarterly Earnings Results, Misses Expectations By $1.20 EPS

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

Nexa Resources Trading Up 11.2 %

Shares of NEXA traded up $0.60 during trading hours on Thursday, hitting $5.97. The stock had a trading volume of 79,030 shares, compared to its average volume of 48,622. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 1.13. The firm has a market cap of $790.66 million, a P/E ratio of -3.95 and a beta of 1.45. The company’s fifty day simple moving average is $6.85 and its 200 day simple moving average is $7.08. Nexa Resources has a 12-month low of $5.10 and a 12-month high of $9.61.

Analyst Ratings Changes

Several research firms have recently issued reports on NEXA. Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $7.50 to $7.80 in a report on Thursday, December 12th. Scotiabank decreased their price objective on Nexa Resources from $7.00 to $5.00 and set a “sector underperform” rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.16.

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.