Nexa Resources (NEXA) Lowered to “Sell” at ValuEngine

Nexa Resources (NYSE:NEXA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday.

Several other equities analysts also recently weighed in on NEXA. Credit Suisse Group set a $23.00 price target on shares of Nexa Resources and gave the stock a “buy” rating in a report on Tuesday, May 1st. Scotiabank reiterated an “outperform” rating and issued a $23.50 price target on shares of Nexa Resources in a report on Thursday, May 3rd. Zacks Investment Research lowered Nexa Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Finally, Bank of America lowered Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.59.

Shares of NYSE:NEXA opened at $12.27 on Monday. Nexa Resources has a twelve month low of $10.90 and a twelve month high of $21.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.04 and a current ratio of 2.47. The company has a market capitalization of $1.69 billion and a P/E ratio of 8.64.



Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Nexa Resources by 3.3% during the 1st quarter. JPMorgan Chase & Co. now owns 640,923 shares of the company’s stock valued at $11,223,000 after buying an additional 20,282 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its position in shares of Nexa Resources by 57.0% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 389,066 shares of the company’s stock valued at $6,813,000 after buying an additional 141,259 shares in the last quarter. Newfoundland Capital Management lifted its position in shares of Nexa Resources by 291.3% during the 1st quarter. Newfoundland Capital Management now owns 223,440 shares of the company’s stock valued at $3,912,000 after buying an additional 166,344 shares in the last quarter. Compass Group LLC lifted its position in shares of Nexa Resources by 107.4% during the 2nd quarter. Compass Group LLC now owns 179,600 shares of the company’s stock valued at $2,110,000 after buying an additional 92,986 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Nexa Resources during the 4th quarter valued at approximately $2,482,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Nexa Resources

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. It also produces copper, lead, silver and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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