Invst LLC Purchases New Shares in Nexa Resources S.A. $NEXA

Invst LLC purchased a new position in Nexa Resources S.A. (NYSE:NEXA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,417 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors have also added to or reduced their stakes in NEXA. Financial Management Professionals Inc. purchased a new position in Nexa Resources during the second quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Nexa Resources in the 4th quarter worth about $36,000. Royal Bank of Canada grew its position in shares of Nexa Resources by 173.8% in the 1st quarter. Royal Bank of Canada now owns 4,386 shares of the company’s stock worth $47,000 after buying an additional 2,784 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Nexa Resources in the 4th quarter worth about $44,000. Finally, Quantbot Technologies LP bought a new position in shares of Nexa Resources in the 2nd quarter worth about $105,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on NEXA shares. Citigroup boosted their price objective on shares of Nexa Resources from $12.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their target price on shares of Nexa Resources from $7.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, July 24th. Scotiabank cut their price target on Nexa Resources from $15.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Morgan Stanley raised their price objective on Nexa Resources from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nexa Resources has an average rating of “Reduce” and an average price target of $14.40.

Nexa Resources Stock Performance

Shares of Nexa Resources stock opened at $15.80 on Wednesday. Nexa Resources S.A. has a 1 year low of $4.70 and a 1 year high of $16.89. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $13.08. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.46.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). The firm had revenue of $907.93 million for the quarter, compared to the consensus estimate of $906.52 million. Nexa Resources had a net margin of 8.02% and a return on equity of 20.25%. Sell-side analysts anticipate that Nexa Resources S.A. will post 2.59 EPS for the current fiscal year.

Nexa Resources Company Profile

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.