National Bank Financial Cuts Nexa Resources (TSE:NEXA) Price Target to C$7.00

Nexa Resources (TSE:NEXA) had its price objective reduced by National Bank Financial from C$13.00 to C$7.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Shares of Nexa Resources stock opened at C$5.00 on Monday. The firm’s fifty day simple moving average is C$9.01 and its 200-day simple moving average is C$11.15. The stock has a market capitalization of $539.95 million and a price-to-earnings ratio of -4.52. Nexa Resources has a 12 month low of C$3.99 and a 12 month high of C$17.05. The company has a debt-to-equity ratio of 61.23, a current ratio of 1.97 and a quick ratio of 1.34.

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.

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