Nexa Resources S.A.’s Quiet Period Set To Expire Tomorrow (NYSE:NEXA)

Nexa Resources’ (NYSE:NEXA) quiet period is set to expire on Wednesday, December 6th. Nexa Resources had issued 31,000,000 shares in its initial public offering on October 27th. The total size of the offering was $496,000,000 based on an initial share price of $16.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several equities analysts have recently issued reports on NEXA shares. J P Morgan Chase & Co started coverage on Nexa Resources in a research note on Tuesday, November 21st. They set an “overweight” rating and a $23.00 price target on the stock. Citigroup started coverage on Nexa Resources in a research note on Tuesday, November 21st. They set a “buy” rating and a $19.00 price target on the stock. Morgan Stanley started coverage on Nexa Resources in a research note on Tuesday, November 21st. They set an “overweight” rating and a $18.60 price target on the stock. Credit Suisse Group started coverage on Nexa Resources in a research note on Tuesday, November 28th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, BMO Capital Markets started coverage on Nexa Resources in a research note on Tuesday, November 21st. They set an “outperform” rating and a $24.00 price target on the stock. Five analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $21.52.

Nexa Resources (NYSE:NEXA) opened at $17.18 on Tuesday. Nexa Resources has a one year low of $15.27 and a one year high of $18.65.

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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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