Nexa Resources (NEXA) Earning Somewhat Positive News Coverage, Analysis Shows

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News coverage about Nexa Resources (NYSE:NEXA) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexa Resources earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3293629533964 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

NEXA has been the topic of several recent research reports. Zacks Investment Research raised Nexa Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised Nexa Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Bank of America lowered Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.59.

Shares of NEXA traded down $0.58 during trading on Friday, reaching $11.20. The company’s stock had a trading volume of 155,660 shares, compared to its average volume of 91,475. Nexa Resources has a twelve month low of $10.90 and a twelve month high of $21.61. The firm has a market cap of $1.57 billion and a price-to-earnings ratio of 7.89. The company has a quick ratio of 2.04, a current ratio of 2.47 and a debt-to-equity ratio of 0.49.

Nexa Resources (NYSE:NEXA) last announced its earnings results on Tuesday, July 31st. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.17. Nexa Resources had a return on equity of 4.21% and a net margin of 4.47%. The company had revenue of $636.52 million for the quarter. equities analysts expect that Nexa Resources will post 0.6 earnings per share for the current fiscal year.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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