STOCKS NEWS EUROPE-Nyrstar corrects after sharp drop

Shares in the world's largest zinc producer, Nyrstar (NYR.BR) rally after a sharp drop spurred by negative sentiment.

The stock rises 5.8 percent to 6.52 euros per share, having fallen 14.3 percent in the three preceding sessions, from a close of 7.19 euros on Friday to a close of 6.16 euros on Wednesday. That drop outpaced the DJ Stoxx European Basic Resources Index .SXPP which fell 11.3 percent in the same period.

"In my view the drop was unjustified, I think the shares went down much too fast in a couple of days, so this is a correction," says ING analyst Filip De Pauw, who has a "buy" rating and 9 euro target price for Nyrstar.

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