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

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

Nexa Resources Stock Up 11.2 %

NEXA stock traded up $0.60 on Thursday, reaching $5.97. 79,030 shares of the company traded hands, compared to its average volume of 48,622. The firm has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $7.08. The company has a market cap of $790.66 million, a P/E ratio of -3.95 and a beta of 1.45. Nexa Resources has a one year low of $5.10 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank dropped their price target 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 shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the company 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 issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Nexa Resources has a consensus rating of “Hold” and a consensus target price of $7.16.

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.