NEXA Similar Chart Price Prediction
The price of NEXA is predicted to go up 3.51%, based on the high correlation periods with OCGN. The similarity of these two price pattern on the periods is 91.38%.
NEXA
OCGN
Up: 3.51%Similarity: 91.38%
NEXA Revenue Forecast
NEXA EPS Forecast
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NEXA Analyst's Forecast
Orest Wowkodaw
Scotiabank
Sell
2025-01-06
Price Target
$5.75 → $7
Upside
+0.43%
Scotiabank raised the firm's price target on Nexa Resources to $7 from $5.75 and keeps an Underperform rating on the shares. The majority of miners are expected to release their upcoming 2025 operating guidance over the next few weeks ahead of Q4 financial reporting, the analyst tells investors. The firm expects that despite near-term commodity price risk due to economic uncertainty in China and ex-China markets, 2025 should be a relatively solid year for most miners driven by higher output and improved cash costs.
