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

Nexa Resources S.A. (NYSE:NEXA) saw a large decline in short interest in 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 days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Nexa Resources

An institutional investor recently bought a new position in Nexa Resources stock. Virtu Financial LLC acquired a new position in shares of Nexa Resources S.A. (NYSE:NEXA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,341 shares of the company’s stock, valued at approximately $126,000.

Analyst Ratings Changes

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

Nexa Resources Price Performance

NYSE NEXA traded up $0.06 during midday trading on Thursday, hitting $5.41. The company had a trading volume of 12,544 shares, compared to its average volume of 43,534. The company has a market capitalization of $716.49 million, a PE ratio of -3.51 and a beta of 1.50. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $6.29 and a 200-day moving average price of $7.00. Nexa Resources has a twelve month low of $5.05 and a twelve month high of $9.61.

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

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.