Nexa Resources price target raised to $14.50 from $10 at Scotiabank

Scotiabank raised the firm’s price target on Nexa Resources (NEXA) to $14.50 from $10 and keeps a Sector Perform rating on the shares. The firm is raising its price targets for Metals & Mining stocks under its coverage, the analyst tells investors. Scotiabank notes higher gold and silver prices should serve as a significant tailwind for many copper miners.