Nexa Resources (TSE:NEXA) Price Target Lowered to C$14.50 at National Bank Financial

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Nexa Resources (TSE:NEXA) had its price target lowered by National Bank Financial from C$15.00 to C$14.50 in a research note published on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Shares of NEXA stock opened at C$12.72 on Thursday. The company has a debt-to-equity ratio of 52.11, a quick ratio of 1.59 and a current ratio of 2.39. Nexa Resources has a 52-week low of C$9.40 and a 52-week high of C$17.81. The company has a market capitalization of $1.70 billion and a PE ratio of 25.39. The business’s fifty day moving average is C$11.37 and its 200 day moving average is C$13.58.

Nexa Resources Company Profile

Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. It also produces copper, lead, silver, and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

Further Reading: Cost of Debt

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