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Nexa Resources SA (NEXA) Gets a Hold from RBC Capital

Tipranks - Thu Apr 9, 9:08PM CDT

In a report released on April 7, Sam Crittenden from RBC Capital maintained a Hold rating on Nexa Resources SA, with a price target of $16.00. The company’s shares closed yesterday at $10.95.

Easter Sale - 70% Off TipRanks

According to TipRanks, Crittenden is a 5-star analyst with an average return of 25.7% and a 62.22% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Hudbay Minerals, and First Quantum Minerals.

In addition to RBC Capital, Nexa Resources SA also received a Hold from Morgan Stanley’s Carlos De Alba in a report issued yesterday. However, on March 27, TipRanks – Google upgraded Nexa Resources SA (NYSE: NEXA) to a Buy.

Based on Nexa Resources SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $895.99 million and a net profit of $50.35 million. In comparison, last year the company earned a revenue of $740.92 million and had a GAAP net loss of $98.5 million

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