Nexa Resources SA (NYSE:NEXA) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 297,300 shares, a drop of 12.3% from the June 15th total of 339,100 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 104,900 shares, the days-to-cover ratio is presently 2.8 days.

Shares of NEXA traded down $0.17 during mid-day trading on Monday, hitting $8.92. 32,800 shares of the company’s stock were exchanged, compared to its average volume of 139,538. The company has a market capitalization of $1.21 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 4.30 and a beta of 0.53. Nexa Resources has a fifty-two week low of $8.22 and a fifty-two week high of $14.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.95 and a current ratio of 2.42. The company has a 50-day moving average of $9.60.

Nexa Resources (NYSE:NEXA) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.29). The business had revenue of $570.00 million for the quarter, compared to analyst estimates of $567.66 million. Nexa Resources had a negative return on equity of 1.12% and a net margin of 0.24%. Nexa Resources’s revenue was down 15.7% compared to the same quarter last year. As a group, research analysts predict that Nexa Resources will post 0.17 EPS for the current fiscal year.

NEXA has been the subject of several research analyst reports. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an “overweight” rating for the company. Finally, Royal Bank of Canada lowered their target price on shares of West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.42.

Several institutional investors and hedge funds have recently modified their holdings of NEXA. Marshall Wace North America L.P. acquired a new stake in Nexa Resources in the first quarter valued at approximately $72,000. BNP Paribas Arbitrage SA raised its holdings in Nexa Resources by 97.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,359 shares of the company’s stock valued at $92,000 after acquiring an additional 3,627 shares in the last quarter. Northern Trust Corp raised its holdings in Nexa Resources by 69.3% in the fourth quarter. Northern Trust Corp now owns 22,468 shares of the company’s stock valued at $267,000 after acquiring an additional 9,197 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Nexa Resources by 8.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 39,077 shares of the company’s stock valued at $465,000 after acquiring an additional 2,900 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Nexa Resources by 25.6% during the fourth quarter. California Public Employees Retirement System now owns 47,243 shares of the company’s stock worth $562,000 after purchasing an additional 9,630 shares in the last quarter. 8.52% of the stock is currently owned by institutional investors and hedge funds.

About Nexa Resources

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. 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.

Recommended Story: Trading Penny Stocks

Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter.