Analysts Offer Insights on Materials Companies: Nexa Resources SA (NEXA) and Hudbay Minerals (HBM)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Nexa Resources SA (NEXA – Research Report) and Hudbay Minerals (HBM – Research Report).
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Nexa Resources SA (NEXA)
Citi analyst Gabriel Barra maintained a Hold rating on Nexa Resources SA today and set a price target of $13.00. The company’s shares closed last Monday at $12.66.
According to TipRanks.com, Barra is ranked #5001 out of 12040 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Nexa Resources SA with a $10.63 average price target, representing a -14.8% downside. In a report issued on January 26, Scotiabank also maintained a Hold rating on the stock with a $14.50 price target.
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Hudbay Minerals (HBM)
In a report released today, George Eadie from UBS maintained a Buy rating on Hudbay Minerals, with a price target of C$38.50. The company’s shares closed last Monday at $24.10.
Eadie has an average return of
According to TipRanks.com, Eadie is ranked #7908 out of 12040 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $24.49 average price target, a 3.7% upside from current levels. In a report issued on January 29, TipRanks – PerPlexity also upgraded the stock to Buy with a C$39.00 price target.
