State Street Corp Reduces Stake in Nexa Resources S.A. Shares

On January 4th, 2025, it was reported that State Street Corp has diminished its ownership in Nexa Resources S.A. (NYSE:NEXA – Free Report) by 4.7% during the third quarter. This information comes from the latest Form 13F filing submitted to the Securities and Exchange Commission (SEC). Following the sale of 4,378 shares, the firm now holds a total of 89,630 shares in Nexa Resources, which had a market value of approximately $652,000 at the close of the recent reporting period.

In a related move, Renaissance Technologies LLC increased its stake in Nexa Resources by 3.7% during the second quarter. The firm now owns 341,792 shares of the company after acquiring an additional 12,092 shares in the last quarter, bringing the total value of its holdings to about $2,611,000.

Performance of Nexa Resources Stock

Nexa Resources shares began trading at $7.05 on Friday. The stock boasts a market capitalization of $933.70 million, a PE ratio of -4.67, and a beta of 1.52. Over the past year, Nexa Resources has seen a low of $5.10 and a high of $9.61. The stock has a fifty-day moving average of $7.95 and a 200-day moving average of $7.40, with a debt-to-equity ratio of 1.39, a current ratio of 1.13, and a quick ratio of 0.76.

Analyst Opinions on Nexa Resources

Overview of Nexa Resources

Nexa Resources S.A. engages in zinc mining and smelting globally through its subsidiaries, operating in two segments: Mining and Smelting. The company produces various products, including zinc, zamac, zinc oxide, and zincal, along with by-products such as copper, lead, silver, gold, and others.

Additional Information

If you wish to explore what other hedge funds hold in NEXA, you can visit various financial channels for the latest 13F filings and insider trading information.

StateStreet, Nexa, Resources