Caxton Associates LP Invests $6.18 Million in Nexa Resources SA (NEXA)

Caxton Associates LP acquired a new position in shares of Nexa Resources SA (NYSE:NEXA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 315,000 shares of the company’s stock, valued at approximately $6,177,000.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Nexa Resources during the 4th quarter worth about $123,000. Virtu Financial LLC purchased a new position in Nexa Resources during the 4th quarter valued at about $242,000. Wells Fargo & Company MN purchased a new position in Nexa Resources during the 4th quarter valued at about $1,166,000. Impala Asset Management LLC purchased a new position in Nexa Resources during the 4th quarter valued at about $1,374,000. Finally, BlackRock Inc. purchased a new position in Nexa Resources during the 4th quarter valued at about $2,482,000. 14.91% of the stock is owned by hedge funds and other institutional investors.

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Nexa Resources SA (NYSE:NEXA) opened at $19.93 on Friday. Nexa Resources SA has a twelve month low of $15.27 and a twelve month high of $21.61. The company has a market capitalization of $2,660.00 and a PE ratio of 39.08. The company has a current ratio of 2.39, a quick ratio of 1.97 and a debt-to-equity ratio of 0.48.

Nexa Resources (NYSE:NEXA) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $736.70 million during the quarter, compared to analysts’ expectations of $677.86 million. Nexa Resources had a net margin of 6.75% and a return on equity of 5.81%. equities analysts anticipate that Nexa Resources SA will post 2.25 earnings per share for the current fiscal year.

The business also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, March 13th.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Nexa Resources in a report on Tuesday, November 21st. They set an “overweight” rating and a $23.00 target price for the company. Zacks Investment Research upgraded Nexa Resources from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Wednesday, January 24th. Citigroup assumed coverage on Nexa Resources in a report on Tuesday, November 21st. They set a “buy” rating and a $19.00 target price for the company. Scotiabank lowered their target price on Nexa Resources from $25.50 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, BMO Capital Markets assumed coverage on Nexa Resources in a report on Tuesday, November 21st. They set an “outperform” rating and a $24.00 target price for the company. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Nexa Resources currently has a consensus rating of “Buy” and a consensus price target of $22.37.

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Nexa Resources Company Profile

Nexa Resources SA, formerly VM Holding SA, is a Luxembourg-based company engaged in the mineral resources industry. The Company is a metals and mining entity mainly engaged in zinc content production, and whose product portfolio also includes copper, lead, silver and gold. Its mining and smelting presence is located in Brazil, conducted by Votorantim Metais Zinco SA, and in Peru, conducted by Compania Minera Milpo SAA, and Votorantim Metais-Cajamarquilla SA.

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Institutional Ownership by Quarter for Nexa Resources (NYSE:NEXA)

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