Investment analysts at BMO Capital Markets assumed coverage on shares of Nexa Resrcs Sa (NYSE:NEXA) in a note issued to investors on Tuesday, reports. The brokerage set an “outperform” rating and a $24.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 48.15% from the company’s previous close.

Separately, J P Morgan Chase & Co assumed coverage on shares of Nexa Resrcs Sa in a report on Tuesday. They issued an “overweight” rating and a $23.00 price objective for the company.

Nexa Resrcs Sa (NEXA) traded up $0.19 during trading hours on Tuesday, reaching $16.20. 698,070 shares of the company’s stock were exchanged, compared to its average volume of 339,645. Nexa Resrcs Sa has a 52 week low of $15.27 and a 52 week high of $18.65.

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About Nexa Resrcs Sa

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.

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