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Scotiabank Sticks to Their Hold Rating for Nexa Resources SA (NEXA)

Tipranks - Tipranks - Tue Feb 10, 6:42AM CST

In a report released today, Orest Wowkodaw from Scotiabank maintained a Hold rating on Nexa Resources SA, with a price target of $14.50.

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Wowkodaw covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Teck Resources, and Nexa Resources SA. According to TipRanks, Wowkodaw has an average return of 22.5% and a 57.38% success rate on recommended stocks.

In addition to Scotiabank, Nexa Resources SA also received a Hold from Citi’s Gabriel Barra in a report issued on February 3. However, today, Bank of America Securities maintained a Sell rating on Nexa Resources SA (NYSE: NEXA).

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Based on Nexa Resources SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $751.6 million and a net profit of $69.34 million. In comparison, last year the company earned a revenue of $709.48 million and had a GAAP net loss of $5.15 million

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