Scotiabank analyst Orest Wowkodaw maintained a Sell rating on Nexa Resources SA (NEXA – Research Report) today and set a price target of $4.50. The company’s shares closed yesterday at $7.17.
According to TipRanks, Wowkodaw is a 5-star analyst with an average return of 12.7% and a 53.33% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Teck Resources, and Hudbay Minerals.
Nexa Resources SA has an analyst consensus of Moderate Sell, with a price target consensus of $6.25.
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The company has a one-year high of $7.40 and a one-year low of $4.14. Currently, Nexa Resources SA has an average volume of 55.64K.
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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.
