Nexa Resources (NYSE:NEXA) Shares Down 0.7% – Should You Sell?

Nexa Resources S.A. (NYSE:NEXA) shares fell 0.7% during mid-day trading on Monday . The company traded as low as $7.42 and last traded at $7.55. 43,648 shares changed hands during trading, an increase of 46% from the average session volume of 29,862 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their target price on Nexa Resources from $6.00 to $5.75 and set a “sector underperform” rating on the stock in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.25.

Nexa Resources Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 6.77 and a beta of 1.52. The business has a fifty day moving average price of $7.59 and a 200 day moving average price of $7.33.

Institutional Trading of Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Dimensional Fund Advisors LP increased its position in shares of Nexa Resources S.A. (NYSE:NEXA) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 593,983 shares of the company’s stock after purchasing an additional 63,197 shares during the period. Dimensional Fund Advisors LP owned about 0.45% of Nexa Resources worth $4,538,000 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.