Nexa Resources (NYSE:NEXA) Price Target Raised to $7.00 at Scotiabank

Nexa Resources (NYSE:NEXAFree Report) had its price objective raised by Scotiabank from $5.75 to $7.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a sector underperform rating on the stock.

Separately, Morgan Stanley upgraded shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $7.50 to $7.80 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.56.

Read Our Latest Stock Analysis on NEXA

Nexa Resources Trading Down 1.0 %

Nexa Resources stock opened at $6.98 on Monday. The stock has a 50-day moving average price of $7.94 and a 200 day moving average price of $7.39. The company has a market capitalization of $924.43 million, a price-to-earnings ratio of -4.62 and a beta of 1.48. Nexa Resources has a 52 week low of $5.10 and a 52 week high of $9.61. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39.

Institutional Trading of Nexa Resources

An institutional investor recently raised its position in Nexa Resources stock. Renaissance Technologies LLC grew its stake in Nexa Resources S.A. (NYSE:NEXAFree Report) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,792 shares of the company’s stock after purchasing an additional 12,092 shares during the period. Renaissance Technologies LLC owned about 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.

About Nexa Resources

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Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.

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Analyst Recommendations for Nexa Resources (NYSE:NEXA)

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