Zacks: Nexa Resources SA (NEXA) Given $21.00 Average Price Target by Brokerages

Shares of Nexa Resources SA (NYSE:NEXA) have been assigned an average broker rating score of 1.38 (Strong Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company.

Analysts have set a one year consensus target price of $21.00 for the company, according to Zacks. Zacks has also given Nexa Resources an industry rank of 167 out of 265 based on the ratings given to related companies.

NEXA has been the subject of several recent research reports. Citigroup initiated coverage on Nexa Resources in a research report on Tuesday, November 21st. They issued a “buy” rating and a $19.00 price target for the company. BMO Capital Markets initiated coverage on Nexa Resources in a research report on Tuesday, November 21st. They issued an “outperform” rating and a $24.00 price target for the company. Credit Suisse Group initiated coverage on Nexa Resources in a research report on Tuesday, November 28th. They issued an “outperform” rating and a $23.00 price target for the company. Morgan Stanley initiated coverage on Nexa Resources in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $18.60 price target for the company. Finally, J P Morgan Chase & Co initiated coverage on Nexa Resources in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $23.00 price target for the company.

Nexa Resources (NYSE NEXA) traded up $0.45 on Friday, reaching $19.01. The company had a trading volume of 312,772 shares, compared to its average volume of 254,453. The stock has a market capitalization of $2,600.00 and a price-to-earnings ratio of 37.27. Nexa Resources has a 12 month low of $15.27 and a 12 month high of $19.53. The company has a current ratio of 2.10, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

TRADEMARK VIOLATION WARNING: “Zacks: Nexa Resources SA (NEXA) Given $21.00 Average Price Target by Brokerages” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.com-unik.info/2017/12/23/zacks-nexa-resources-sa-nexa-given-21-00-average-price-target-by-brokerages-2.html.

About Nexa Resources

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.

Get a free copy of the Zacks research report on Nexa Resources (NEXA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Nexa Resources (NYSE:NEXA)

Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit