Scotiabank analyst Orest Wowkodaw raised the firm’s price target on Nexa Resources (NEXA) to $7 from $6 and keeps a Sector Perform rating on the shares. The company released Q3 results that were in-line with expectations and reaffirmed its guidance for FY25, the analyst tells investors. Operational performance at the Aripuana Zn mine has “markedly” improved, lifting a long-standing overhang on the shares, the firm adds.
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