Nexa Resources S.A. (NEXA) AI Stock Analysis

Headquartered in Luxembourg, Nexa Resources S.A. operates in the zinc mining and smelting sector. Its portfolio encompasses the extraction and production of zinc, silver, gold, copper cement, lead, sulfuric acid, sulfur dioxide, copper sulfate, and limestone deposits. Nexa owns and manages five underground polymetallic mines located in the Central Andes of Peru and the State of Minas Gerais in Brazil. It is also actively developing the Aripuana project in Mato Grosso, Brazil, to expand mineral resources and production. As a subsidiary of Votorantim S.A., the company was established in 1956 and rebranded as Nexa Resources S.A. in September 2017.

Nexa's revenue delivered a 5-year CAGR of 8.9% from FY2020 to FY2025. In FY2023, revenue fell 15.2% to $2.57B, yielding an operating margin of -5.9% and a net loss of $292.0M. Performance recovered in FY2024 with revenue expanding 7.5% to $2.77B, though net loss remained at $205.0M. By FY2025, revenue grew 8.2% to $2.99B, with gross margin at 17.9%, operating margin rising to 13.7%, and net income turning positive at $132.6M ($0.79 EPS). In the latest quarter ending June 30, 2026, quarterly revenue grew 28.2% year-over-year, while quarterly earnings surged 6235.0%. Trailing twelve-month revenue reached $3.46B with an 8.0% profit margin and $2.09 EPS.

As of June 30, 2026, Nexa held $386.8M in cash and short-term investments against total debt of $1.86B, leaving net debt at $1.47B. Shareholders' equity was $1.20B, resulting in a debt-to-equity ratio of 1.54 and a current ratio of 0.80 out of $5.38B in total assets. During FY2025, the company generated $403.8M in operating cash flow and $52.0M in free cash flow. Capital allocation in FY2025 included capital expenditures of $351.9M, share buybacks of $13.4M, and dividend payments of $34.3M.

Nexa trades at a trailing P/E of 6.0x and a forward P/E of 3.4x, compared to medians of 19.7x and 13.4x for its US-listed Basic Materials peers. The stock's price-to-sales ratio sits at 0.5x versus the peer median of 1.8x, and its EV/EBITDA multiple of 2.6x compares to the peer median of 10.5x. NEXA shares gained 125.9% over the past year and 42.9% year-to-date, outperforming the S&P 500 ETF (SPY) 1-year return of 16.8%. Over a 5-year period, NEXA's return of 27.4% lagged the S&P 500 ETF's 83.0% return.

Nexa Resources pays an annual forward dividend of $0.13, showing a dividend yield of 0.00% and a payout ratio of 7.0%. The company has paid dividends for 2 consecutive years, while its 5-year annualized dividend growth declined 23.2%. Its last ex-dividend date was July 28, 2026.

Wall Street coverage includes 1 Buy and 4 Hold ratings, with no Strong Buy, Sell, or Strong Sell recommendations. The mean price target of $14.04 suggests 12.1% upside from the October 16, 2026 close of $12.52. For the fiscal year ending December 31, 2026, analysts anticipate EPS of $2.81 on revenue of $3.76B. Nexa has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings report is scheduled for October 29, 2026.

This page is an AI-written research summary of Nexa Resources S.A. (NEXA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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