National Bank Financial Cuts Nexa Resources (TSE:NEXA) Price Target to C$14.50

Nexa Resources (TSE:NEXA) had its target price dropped by analysts at National Bank Financial from C$15.00 to C$14.50 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 16.37% from the stock’s previous close.

TSE NEXA traded down C$0.09 during trading hours on Thursday, hitting C$12.46. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 2,105. The stock has a fifty day moving average of C$11.35 and a 200 day moving average of C$13.58. Nexa Resources has a twelve month low of C$9.40 and a twelve month high of C$17.81. The firm has a market capitalization of $1.68 billion and a P/E ratio of 24.87. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 52.11.

About Nexa Resources

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. It also produces copper, lead, silver, and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

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