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Is Nexa Resources (NEXA) a Great Value Stock Right Now?

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

Nexa Resources (NEXA - Free Report) is a stock many investors are watching right now. NEXA is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 2.43 right now. For comparison, its industry sports an average P/E of 7.04. Over the past year, NEXA's Forward P/E has been as high as 6.49 and as low as 2.23, with a median of 4.61.

We also note that NEXA holds a PEG ratio of 0.45. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. NEXA's PEG compares to its industry's average PEG of 0.74. Over the last 12 months, NEXA's PEG has been as high as 4.65 and as low as 0.41, with a median of 3.63.

U.S. Silica Holdings (SLCA - Free Report) may be another strong Mining - Miscellaneous stock to add to your shortlist. SLCA is a # 2 (Buy) stock with a Value grade of A.

U.S. Silica Holdings sports a P/B ratio of 1.34 as well; this compares to its industry's price-to-book ratio of 3.33. In the past 52 weeks, SLCA's P/B has been as high as 2.59, as low as 0.85, with a median of 1.26.

These are just a handful of the figures considered in Nexa Resources and U.S. Silica Holdings's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that NEXA and SLCA is an impressive value stock right now.


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U.S. Silica Holdings, Inc. (SLCA) - free report >>

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