Nexa Resources (NYSE:NEXA) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Nexa Resources (NYSE:NEXA) posted its earnings results on Thursday. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.26, FiscalAI reports. The firm had revenue of $937.13 million during the quarter, compared to analyst estimates of $952.11 million. Nexa Resources had a net margin of 8.02% and a return on equity of 20.25%.

Nexa Resources Stock Performance

NYSE:NEXA traded up $0.19 on Thursday, reaching $12.01. 596,587 shares of the company’s stock were exchanged, compared to its average volume of 579,781. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 0.13 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. The stock has a fifty day simple moving average of $12.95 and a 200-day simple moving average of $12.98. Nexa Resources has a 52 week low of $5.05 and a 52 week high of $16.89.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Nexa Resources from $12.00 to $14.00 and gave the company an “underperform” rating in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexa Resources in a research report on Friday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of Nexa Resources from $7.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley upgraded shares of Nexa Resources from an “equal weight” rating to an “overweight” rating and set a $14.20 price objective for the company in a research note on Tuesday, October 6th. Finally, Zacks Research raised shares of Nexa Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.94.

Nexa Resources Company Profile

Nexa Resources SA (NYSE:NEXA) is a global mining and metals company focused primarily on the production of zinc, lead, copper and silver. The company also produces related byproducts and refined materials, including sulfuric acid and various metal alloys, which serve customers in industrial, infrastructure, construction and manufacturing markets.

Nexa operates an integrated platform that includes underground and open-pit mines, mineral-processing facilities and zinc smelters. Its principal mining and metallurgical operations are located in Brazil and Peru, with the Cajamarquilla zinc refinery in Peru and additional mining and smelting assets in Brazil.