Nexa Resources S.A. (NYSE:NEXA) Short Interest Update

Nexa Resources S.A. (NYSE:NEXA) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 17,700 shares, a decrease of 47.3% from the February 28th total of 33,600 shares. Based on an average daily trading volume, of 110,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Nexa Resources Trading Up 0.9 %

Shares of Nexa Resources stock traded up $0.06 during mid-day trading on Friday, hitting $6.15. The stock had a trading volume of 27,519 shares, compared to its average volume of 47,766. The firm has a market cap of $813.84 million, a P/E ratio of -3.99 and a beta of 1.50. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average of $5.72 and a two-hundred day moving average of $6.92. Nexa Resources has a 12-month low of $5.04 and a 12-month high of $9.61.

Nexa Resources (NYSE:NEXA) last posted its 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). The business had revenue of $740.92 million during the quarter, compared to analysts’ expectations of $731.81 million. Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. Sell-side analysts forecast that Nexa Resources will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

NEXA has been the subject of several research reports. Bank of America dropped their price objective on shares of Nexa Resources from $8.00 to $6.50 and set an “underperform” rating for the company in a research note on Monday, March 10th. Scotiabank reduced their price objective 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. Finally, Morgan Stanley raised Nexa Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $7.50 to $7.80 in a research note on Thursday, December 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP grew its stake in Nexa Resources S.A. (NYSE:NEXA) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 628,414 shares of the company’s stock after acquiring an additional 7,220 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Nexa Resources worth $5,531,000 as of its most recent filing with the SEC.

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.