In a report released on November 7, Sam Crittenden from RBC Capital maintained a Hold rating on Nexa Resources SA (NEXA – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.61.
Crittenden covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Hudbay Minerals, and Ivanhoe Mines. According to TipRanks, Crittenden has an average return of 15.2% and a 48.41% success rate on recommended stocks.
Currently, the analyst consensus on Nexa Resources SA is a Moderate Sell with an average price target of $5.83, a 3.92% upside from current levels. In a report released on October 27, BMO Capital also maintained a Hold rating on the stock with a $6.50 price target.
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Based on Nexa Resources SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $649.33 million and a GAAP net loss of $73.74 million. In comparison, last year the company earned a revenue of $702.65 million and had a net profit of $6.78 million
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Nexa Resources SA (NEXA) Company Description:
Nexa Resources SA engages in the production of zinc in Latin America. It operates through the Mining and Smelting segments. The Mining segment comprises of mines located in Peru and Brazil, which includes mineral exploration activities and the production of zinc, copper, and lead concentrates. The Smelting segment consists of facilities that recover and produce metallic zinc, zinc oxide, and by-products. The company was founded on February 26, 2014 and is headquartered in Sao Paulo, Brazil.
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