Nexa Resources (NEXA) Stock Forecast & Price Target

$7.17

-0.25 (-3.37%)

(As of 09/27/2024 ET)

Nexa Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 5 Analyst Ratings

Sell
3

Hold
1

Buy
1

Based on 5 Wall Street analysts who have issued ratings for Nexa Resources in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 5 analysts, 3 have given a sell rating, 1 has given a hold rating, and 1 has given a buy rating for NEXA.

Consensus Price Target

$7.30
1.81% Upside

According to the 5 analysts' twelve-month price targets for Nexa Resources, the average price target is $7.30. The highest price target for NEXA is $8.00, while the lowest price target for NEXA is $6.00. The average price target represents a forecasted upside of 1.81% from the current price of $7.17.

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NEXA Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$7.30	$7.30	$7.25	$6.25
Forecasted Upside	1.81% Upside	19.87% Upside	-5.60% Downside	3.31% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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NEXA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NEXA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nexa Resources Stock vs. The Competition

Type	Nexa Resources	Basic Materials Companies	S&P 500
Consensus Rating Score	1.60	2.73	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	1.81% Upside	197.90% Upside	6.16% Upside
News Sentiment Rating	Neutral News See Recent NEXA News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/6/2024	Scotiabank 5 of 5 stars	Lower Target	Sector Underperform ➝ Sector Underperform	$7.00 ➝ $6.00	-11.37%
6/26/2024	Bank of America 4 of 5 stars	Boost Target	Underperform ➝ Underperform	$7.50 ➝ $8.00	+5.54%
6/21/2024	Morgan Stanley 3 of 5 stars	Boost Target	Underweight ➝ Underweight	$7.00 ➝ $7.50	-3.72%
5/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$7.00 ➝ $7.50	-0.40%
3/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$7.00 ➝ $7.50	-0.13%
8/23/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$7.00 ➝ $6.00	+8.50%
5/1/2023	500.com Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:23 AM ET.

NEXA Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Nexa Resources is $7.30, with a high forecast of $8.00 and a low forecast of $6.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nexa Resources in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" NEXA shares.
: According to analysts, Nexa Resources's stock has a predicted upside of 1.81% based on their 12-month stock forecasts.
: Nexa Resources has been rated by research analysts at Scotiabank in the past 90 days.
: Analysts like Nexa Resources less than other "basic materials" companies. The consensus rating for Nexa Resources is Reduce while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how NEXA compares to other companies.