Nexa Resrcs Sa (NEXA) Now Covered by Citigroup Inc.
Citigroup Inc. initiated coverage on shares of Nexa Resrcs Sa (NYSE:NEXA) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $19.00 price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 17.28% from the stock’s current price.
A number of other research analysts also recently weighed in on NEXA. BMO Capital Markets started coverage on shares of Nexa Resrcs Sa in a research report on Tuesday. They set an “outperform” rating and a $24.00 price objective on the stock. J P Morgan Chase & Co started coverage on shares of Nexa Resrcs Sa in a research report on Tuesday. They set an “overweight” rating and a $23.00 price objective on the stock.
Shares of Nexa Resrcs Sa (NEXA) traded up $0.19 during midday trading on Tuesday, hitting $16.20. 698,070 shares of the stock traded hands, 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.
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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