Citigroup Inc. initiated coverage on shares of Nexa Resources S.A. (NYSE:NEXA) in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $19.00 target price on the stock.

A number of other research firms have also weighed in on NEXA. BMO Capital Markets began coverage on shares of Nexa Resources in a research note on Tuesday. They issued an outperform rating and a $24.00 price objective for the company. J P Morgan Chase & Co began coverage on shares of Nexa Resources in a research note on Tuesday. They issued an overweight rating and a $23.00 price objective for the company.

Shares of Nexa Resources (NEXA) opened at $16.28 on Tuesday. Nexa Resources has a one year low of $15.27 and a one year high of $18.65.

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Nexa Resources Company Profile

Nexa Resources SA, formerly VM Holding SA, is a Luxembourg-based company engaged in the mineral resources industry. The Company is a metals and mining entity mainly engaged in zinc content production, and whose product portfolio also includes copper, lead, silver and gold. Its mining and smelting presence is located in Brazil, conducted by Votorantim Metais Zinco SA, and in Peru, conducted by Compania Minera Milpo SAA, and Votorantim Metais-Cajamarquilla SA.

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