Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nexa Resources (NYSE:NEXA) Stock Price

Media stories about Nexa Resources (NYSE:NEXA) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nexa Resources earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.5075299803928 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of brokerages have issued reports on NEXA. BMO Capital Markets began coverage on shares of Nexa Resources in a research note on Tuesday, November 21st. They set an “outperform” rating and a $24.00 price target on the stock. Credit Suisse Group began coverage on shares of Nexa Resources in a research note on Tuesday, November 28th. They set an “outperform” rating and a $23.00 target price on the stock. 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 target price on the stock. Citigroup began coverage on shares of Nexa Resources in a research note on Tuesday, November 21st. They set a “buy” rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Nexa Resources in a research note on Tuesday, November 21st. They set an “overweight” rating and a $23.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $21.52.

Nexa Resources (NYSE:NEXA) traded up $0.25 during mid-day trading on Friday, hitting $20.25. The stock had a trading volume of 275,410 shares, compared to its average volume of 214,754. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.73. Nexa Resources has a 1-year low of $15.27 and a 1-year high of $21.20. The firm has a market capitalization of $2,256.42 and a P/E ratio of 34.91.

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Nexa Resources Company Profile

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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