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Nexa Resources SA has a consensus price target of $6.96 based on the ratings of 6 analysts. The high is $8 issued by B of A Securities on June 26, 2024. The low is $5.75 issued by Scotiabank on November 4, 2024. The 3 most-recent analyst ratings were released by Scotiabank, Scotiabank, and B of A Securities on November 4, 2024, August 6, 2024, and June 26, 2024, respectively. With an average price target of $6.58 between Scotiabank, Scotiabank, and B of A Securities, there's an implied -15.49% downside for Nexa Resources SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nexa Res (NYSE:NEXA) was reported by Scotiabank on November 4, 2024. The analyst firm set a price target for $5.75 expecting NEXA to fall to within 12 months (a possible -26.19% downside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Nexa Res (NYSE:NEXA) was provided by Scotiabank, and Nexa Res maintained their sector underperform rating.
The last upgrade for Nexa Resources SA happened on September 16, 2022 when Morgan Stanley raised their price target to $6.6. Morgan Stanley previously had an equal-weight for Nexa Resources SA.
The last downgrade for Nexa Resources SA happened on November 2, 2023 when Scotiabank changed their price target from $5 to $4.5 for Nexa Resources SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nexa Res, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Nexa Res was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Nexa Res (NEXA) rating was a maintained with a price target of $6.00 to $5.75. The current price Nexa Res (NEXA) is trading at is $7.79, which is out of the analyst’s predicted range.
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