Dimensional Fund Advisors LP Buys New Stake in Nexa Resources SA (NEXA)

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Dimensional Fund Advisors LP bought a new stake in Nexa Resources SA (NYSE:NEXA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,586 shares of the company’s stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEXA. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Nexa Resources during the first quarter worth about $259,000. California Public Employees Retirement System acquired a new stake in shares of Nexa Resources during the first quarter worth about $264,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Nexa Resources during the first quarter worth about $295,000. Barclays PLC lifted its position in shares of Nexa Resources by 4,503.5% during the first quarter. Barclays PLC now owns 18,644 shares of the company’s stock worth $326,000 after purchasing an additional 18,239 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Nexa Resources during the second quarter worth about $333,000. 11.53% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Nexa Resources from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine raised shares of Nexa Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Bank of America cut shares of Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. Finally, Credit Suisse Group began coverage on shares of Nexa Resources in a report on Thursday, October 18th. They issued a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.44.

Shares of NYSE:NEXA opened at $11.08 on Wednesday. The company has a market capitalization of $1.51 billion and a P/E ratio of 7.76. Nexa Resources SA has a fifty-two week low of $10.52 and a fifty-two week high of $21.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.04 and a current ratio of 2.47.

Nexa Resources (NYSE:NEXA) last issued its earnings results on Tuesday, July 31st. The company reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.17. The firm had revenue of $636.52 million for the quarter. Nexa Resources had a net margin of 4.47% and a return on equity of 4.21%. As a group, analysts predict that Nexa Resources SA will post 0.4 earnings per share for the current fiscal year.

Nexa Resources Company Profile

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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