FY2025 EPS Estimates for Nexa Resources Cut by Scotiabank

Nexa Resources S.A. (NYSE:NEXA) – Scotiabank lowered their FY2025 EPS estimates for shares of Nexa Resources in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.43 for the year, down from their previous forecast of $0.81. Scotiabank currently has a “Sector Underperform” rating and a $5.00 price objective 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.

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

A number of other brokerages have also issued reports on NEXA. Bank of America decreased their price target on Nexa Resources from $8.00 to $6.50 and set an “underperform” rating on the stock 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 raised their target price for the stock from $7.50 to $7.80 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.86.

Nexa Resources Price Performance

Shares of NYSE:NEXA opened at $5.83 on Monday. The company has a market cap of $771.46 million, a P/E ratio of -3.78 and a beta of 1.50. The business has a fifty day simple moving average of $5.73 and a 200-day simple moving average of $6.92. Nexa Resources has a 52 week low of $5.04 and a 52 week high of $9.61. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Institutional Investors Weigh In On Nexa Resources

A hedge fund recently bought a new stake in Nexa Resources stock. Virtu Financial LLC bought a new position in shares of Nexa Resources S.A. (NYSE:NEXA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 14,341 shares of the company’s stock, valued at approximately $126,000.

Nexa Resources Company Profile

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.