Scotiabank Maintains Sector Perform on Nexa Res, Raises Price Target to $15
Scotiabank analyst Orest Wowkodaw maintains Nexa Res (NYSE:NEXA) with a Sector Perform and raises the price target from $14 to $15.
Stocks · News reference
Nexa Resources shares are trading lower after the company announced that Votorantim S.A. has entered into a definitive agreement with Boliden AB for the sale of its controlling stake in Nexa.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Nexa Resources Parent Votorantim Agrees To Sell Controlling Stake In NEXA To Boliden; Terms Not Disclosed
Under the terms of the agreement, Votorantim will transfer its Nexa shares to Boliden through a share-for-share exchange, receiving 0.250 newly issued Boliden common shares for each Nexa common share. Upon completion,
Shares of critical metal companies are trading higher, possibly after the U.S. DOE recently selected seven projects to expand critical mineral and material processing, battery manufacturing and recycling capacity. This third round of funding aligns with President Trump's 'Unleashing American Energy' executive order that benefits critical metal and non-fuel mineral producers and processors.