BlackRock Inc. increased its position in Nexa Resources SA (NYSE:NEXA) by 1,296.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,271 shares of the company’s stock after acquiring an additional 26,246 shares during the quarter. BlackRock Inc.’s holdings in Nexa Resources were worth $333,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Nexa Resources in the second quarter valued at approximately $928,000. Compass Group LLC boosted its stake in Nexa Resources by 107.4% in the second quarter. Compass Group LLC now owns 179,600 shares of the company’s stock valued at $2,110,000 after acquiring an additional 92,986 shares during the period. Trexquant Investment LP acquired a new position in Nexa Resources in the second quarter valued at approximately $333,000. Diversified Trust Co boosted its stake in Nexa Resources by 35.4% in the second quarter. Diversified Trust Co now owns 29,762 shares of the company’s stock valued at $350,000 after acquiring an additional 7,788 shares during the period. Finally, California Public Employees Retirement System acquired a new position in Nexa Resources in the first quarter valued at approximately $264,000. Institutional investors own 10.90% of the company’s stock.

Several equities analysts have recently issued reports on the company. Bank of America downgraded Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Nexa Resources from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine upgraded Nexa Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Credit Suisse Group assumed coverage on Nexa Resources in a research report on Thursday, October 18th. They set a “buy” rating and a $17.00 price objective for the company. Finally, National Bank Financial assumed coverage on Nexa Resources in a research report on Wednesday, October 31st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Nexa Resources currently has a consensus rating of “Buy” and a consensus price target of $20.44.

Shares of NYSE NEXA opened at $12.64 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.55 and a quick ratio of 2.15. The company has a market cap of $1.69 billion and a PE ratio of 8.90. Nexa Resources SA has a 12-month low of $10.52 and a 12-month high of $21.61.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.23. The business had revenue of $595.10 million during the quarter, compared to the consensus estimate of $553.28 million. Nexa Resources had a return on equity of 1.61% and a net margin of 1.74%. Nexa Resources’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Nexa Resources SA will post 0.37 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Nexa Resources (NYSE:NEXA)

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