Other equities research analysts have also recently issued research reports about the stock. Citigroup initiated coverage on shares of Nexa Resources in a research report on Tuesday, November 21st. They issued a buy rating and a $19.00 price target for the company. Zacks Investment Research lowered shares of Nexa Resources from a strong-buy rating to a hold rating in a research note on Thursday, February 1st. BMO Capital Markets reiterated an outperform rating and set a $26.00 price objective (up previously from $23.00) on shares of Nexa Resources in a research note on Wednesday, February 21st. Scotiabank reduced their price objective on shares of Nexa Resources from $25.50 to $24.00 and set an outperform rating for the company in a research note on Tuesday, February 20th. Finally, Morgan Stanley began coverage on shares of Nexa Resources in a research note on Tuesday, November 21st. They set an overweight rating and a $18.60 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $22.37.
Shares of Nexa Resources (NYSE NEXA) opened at $20.50 on Friday. Nexa Resources has a 52-week low of $15.27 and a 52-week high of $21.61. The firm has a market cap of $2,233.86 and a P/E ratio of 14.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.39 and a quick ratio of 1.97.
The business also recently declared a Not Available dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, March 13th.
A number of institutional investors have recently modified their holdings of the business. Element Capital Management LLC acquired a new position in Nexa Resources during the 4th quarter valued at approximately $2,942,000. Millennium Management LLC acquired a new position in Nexa Resources during the 4th quarter valued at approximately $27,868,000. Luminus Management LLC acquired a new position in Nexa Resources during the 4th quarter valued at approximately $6,574,000. Two Sigma Investments LP acquired a new position in Nexa Resources during the 4th quarter valued at approximately $429,000. Finally, Goldman Sachs Group Inc. acquired a new position in Nexa Resources during the 4th quarter valued at approximately $16,354,000. Institutional investors and hedge funds own 3.73% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Nexa Resources (NEXA) Rating Reiterated by Credit Suisse Group” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3229241/nexa-resources-nexa-rating-reiterated-by-credit-suisse-group.html.
About Nexa Resources
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.
Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter.