J P Morgan Chase & Co initiated coverage on shares of Nexa Resources S.A. (NYSE:NEXA) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $23.00 price objective on the stock.

Nexa Resources (NYSE NEXA) opened at $16.28 on Tuesday. Nexa Resources has a 12 month low of $15.27 and a 12 month 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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