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Nexa Resources SA (NEXA) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Fri Mar 13, 9:06PM CDT

RBC Capital analyst Sam Crittenden maintained a Hold rating on Nexa Resources SA yesterday and set a price target of $16.00.

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Crittenden covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Hudbay Minerals, and First Quantum Minerals. According to TipRanks, Crittenden has an average return of 27.9% and a 65.08% success rate on recommended stocks.

In addition to RBC Capital, Nexa Resources SA also received a Hold from TipRanks – xAI’s xAi Industrial Materials in a report issued on March 7. However, on the same day, TipRanks – Google upgraded Nexa Resources SA (NYSE: NEXA) to a Buy.

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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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