Citigroup Raises Nexa Resources Price Target by 136.36% to $13.00

Citigroup analyst Alexander Hacking has maintained a "Neutral" rating on Nexa Resources (NEXA) but significantly raised the stock's price target from $5.50 to $13.00, a 136.36% boost. The analyst's revised outlook reflects a revised value proposition for the company, although the overall rating remains unchanged. The average target price for Nexa Resources SA is $9.14, with a high estimate of $15.00 and a low estimate of $5.00, indicating a 31.72% downside from the current price of $13.38.