BMO Capital raised the firm’s price target on Nexa Resources to $6.50 from $6 and keeps a Market Perform rating on the shares. The firm is updating its estimates for Nexa’s annual Reserve/Resource statement and its Cerro Pasco technical report, noting that the Cerro Pasco integration project combines previous operations at Atacocha and El Porvenir to extend the mine life and improve the value of the overall complex.
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