RBC Capital Maintains a Hold Rating on Nexa Resources SA (NEXA)

RBC Capital analyst Sam Crittenden maintained a Hold rating on Nexa Resources SA (NEXAResearch Report) on January 12 and set a price target of $14.00. The company’s shares closed last Thursday at $9.09.

According to, Crittenden is a 5-star analyst with an average return of 28.9% and a 66.5% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Freeport-McMoRan.

Currently, the analyst consensus on Nexa Resources SA is a Hold with an average price target of $10.35.

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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 $655 million and GAAP net loss of $18.84 million. In comparison, last year the company earned revenue of $538 million and had a GAAP net loss of $30.17 million.

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Nexa Resources SA engages in the production of zinc in Latin America. It operates through the Mining and Smelting segments. The Mining segment comprises of mines located in Peru and Brazil, which includes mineral exploration activities and the production of zinc, copper, and lead concentrates. The Smelting segment consists of facilities that recover and produce metallic zinc, zinc oxide, and by-products. The company was founded on February 26, 2014 and is headquartered in Sao Paulo, Brazil.

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