Scotiabank Cuts Nexa Resources (NYSE:NEXA) Price Target to $5.00

Nexa Resources (NYSE:NEXA) had its price objective trimmed by Scotiabank from $7.00 to $5.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a sector underperform rating on the stock.

Separately, Morgan Stanley upgraded Nexa Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $7.50 to $7.80 in a research note on Thursday, December 12th. Two 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 MarketBeat.com, Nexa Resources currently has a consensus rating of “Hold” and a consensus target price of $7.16.

Nexa Resources Trading Down 3.1 %

NYSE NEXA opened at $5.91 on Friday. Nexa Resources has a 1 year low of $5.10 and a 1 year high of $9.61. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.13 and a quick ratio of 0.76. The company has a market capitalization of $782.72 million, a PE ratio of -3.91 and a beta of 1.45. The company has a fifty day moving average of $7.23 and a 200 day moving average of $7.17.

About Nexa Resources

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.