After grabbing 0.65 million shares, the institutional investor is now in possession of 0.65 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.49% having worth around $3.52 million. Moreover, Renaissance Technologies LLC increased its share by 49024.0 to have a control over 0.49 million shares. And Marshall Wace LLP raised its holdings to 0.35 million shares by acquiring 0.35 million shares or 0.26% of the stake.
Nexa Resources S.A. (NEXA) concluded trading on 01/12/23 at a closing price of $7.47, with 0.35 million shares of worth about $2.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.05% during that period and on Thursday the price saw a gain of about 4.18%. Currently the company’s common shares owned by public are about 132.44M shares, out of which, 46.78M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 8,000 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Capital Income Builder, AFP Integra – Fondo 2, and AFP Integra – Fondo 3 are the top 3 mutual funds which are holding stakes in Nexa Resources S.A. Capital Income Builder is currently holding 4.62 million shares of worth totaling $25.16 million. The company recently came buying 0.0 shares which brought its stake up to 3.49% of the company’s outstanding shares. AFP Integra – Fondo 2 sold 39039.0 shares, after which its hold over company’s outstanding shares shrunk to 3.24%, leaving 4.28 million shares with the mutual fund that have a worth of about $23.31 million. AFP Integra – Fondo 3, after selling 2.14 million shares, have now control over 1.61% of the stake in the company. It holds 19484.0 shares of worth $11.63 million.
Nexa Resources S.A. (NYSE: NEXA) started trading at $7.20, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 7.70, or with a gain of 4.18%. Stock saw a price change of 26.18% in past 5 days and over the past one month there was a price change of 42.83%. Year-to-date (YTD), NEXA shares are showing a performance of 23.88% which decreased to -13.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.27 but also hit the highest price of $10.54 during that period. The average intraday trading volume for Nexa Resources S.A. shares is 189.39K. The stock is currently trading 26.11% above its 20-day simple moving average (SMA20), while that difference is up 36.98% for SMA50 and it goes to 13.31% higher than SMA200.
Millennium Management LLC acquired 0.65 million shares of Nexa Resources S.A. having value of about $3.52 million. Nexa Resources S.A. (NYSE: NEXA) currently have 132.44M outstanding shares and institutions hold larger chunk of about 24.20% of that. Holding of mutual funds in the company is about 1.48% while other institutional holders and individual stake holders have control over 10.41% and — of the stake respectively.
The stock has a current market capitalization of $940.02M and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 7.48, while it has posted earnings per share of $1.00 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEXA, volatility over the week remained 7.37% while standing at 8.45% over the month.
Analysts are in expectations that Nexa Resources S.A. (NEXA) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 120.40% while it is estimated to increase by 24.73% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 16, 2022 offering an Overweight rating for the stock and assigned a target price range of between $7.20 and $6.60 to it. Coverage by Morgan Stanley stated Nexa Resources S.A. (NEXA) stock as an Equal-weight in their note to investors on October 29, 2021, suggesting a price target of $10.10 for the stock. On September 29, 2021, Morgan Stanley Upgrade their recommendations, while on August 19, 2021, BMO Capital Markets Upgrade their ratings for the stock with a price target of $10. Stock get an Equal-weight rating from Morgan Stanley on June 09, 2021.
