Somewhat Positive News Coverage Somewhat Unlikely to Impact Nexa Resources (NEXA) Share Price

News coverage about Nexa Resources (NYSE:NEXA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexa Resources earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8966366318146 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

NEXA stock opened at $17.88 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 2.39. The stock has a market cap of $1,998.06 and a price-to-earnings ratio of 12.59. Nexa Resources has a 1-year low of $15.27 and a 1-year high of $21.61.

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Nexa Resources (NYSE:NEXA) last posted its earnings results on Thursday, February 15th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $736.70 million for the quarter, compared to the consensus estimate of $677.86 million. Nexa Resources had a return on equity of 5.81% and a net margin of 6.75%. analysts predict that Nexa Resources will post 2.36 earnings per share for the current year.

The firm also recently announced a Not Available dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, March 13th. Nexa Resources’s dividend payout ratio is presently 33.10%.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Nexa Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 24th. ValuEngine lowered Nexa Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. JPMorgan Chase reduced their target price on Nexa Resources from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, March 23rd. Scotiabank reduced their target price on Nexa Resources from $25.50 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $26.00 target price (up from $23.00) on shares of Nexa Resources in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nexa Resources currently has a consensus rating of “Buy” and a consensus price target of $22.66.

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Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.

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