Scotiabank Decreases Earnings Estimates for Nexa Resources

Nexa Resources S.A. (NYSE:NEXA) – Scotiabank cut their FY2025 earnings per share estimates for Nexa Resources in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.43 per share for the year, down from their prior forecast of $0.81. Scotiabank currently has a “Sector Underperform” rating and a $5.00 target price on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources’ FY2026 earnings at $0.22 EPS.

Other equities analysts have also recently issued reports about the stock. Bank of America decreased their target price on shares of Nexa Resources from $8.00 to $6.50 and set an “underperform” rating for the company in a research note on Monday, March 10th. Morgan Stanley raised shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $7.50 to $7.80 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.86.

Nexa Resources Stock Up 0.4 %

NEXA stock opened at $5.71 on Monday. The company has a market cap of $756.23 million, a price-to-earnings ratio of -3.71 and a beta of 1.50. Nexa Resources has a twelve month low of $5.04 and a twelve month high of $9.61. The business has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $6.92. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($1.20). Nexa Resources had a negative net margin of 7.37% and a negative return on equity of 8.49%. The firm had revenue of $740.92 million during the quarter, compared to the consensus estimate of $731.81 million.

Hedge Funds Weigh In On Nexa Resources

A hedge fund recently raised its stake in Nexa Resources stock. Dimensional Fund Advisors LP boosted its holdings in shares of Nexa Resources S.A. (NYSE:NEXA) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 628,414 shares of the company’s stock after buying an additional 7,220 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.47% of Nexa Resources worth $5,531,000 at the end of the most recent reporting period.

About Nexa Resources

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.