Nexa Resources (NEXA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Nexa Resources delivered a robust Q2, with revenue up 28% and EBITDA up 78%, driving a Buy rating at ~$13 per share. Operational catalysts—Aripuanã ramp-up, Cerro Lindo cost reductions, and brownfield exploration—are poised to boost future earnings and cash flow. Valuation remains compelling at 5.1x 2026E and 4.2x 2027E earnings, with a standalone fair value estimated at $18–$24 per share.
The deal follows discussions disclosed earlier this year and sees the Swedish miner buy Votorantim's near 65% stake in New York Stock Exchange-listed Nexa.
Nexa Resources NYSE: NEXA reported second-quarter 2026 adjusted EBITDA of $286 million, up 78% from a year earlier, as higher metal prices, a recovery in Peruvian mining operations and improved Brazilian smelter performance lifted results. Net income was $98 million, or $0.52 per share, while net revenue rose 28% year over year to $908 million.
Nexa Resources keeps 2026 guidance intact as Aripuana, Peru recovery and Cajamarquilla normalization support a stronger second-half production ramp.
Nexa Resources S.A. (NEXA) Q2 2026 Earnings Call Transcript
Nexa Resources S.A. (NEXA) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.73 per share.
NEXA heads into the Q2 earnings release with stronger metal prices and zinc output, though weaker copper volumes and higher costs may temper gains.
Nexa Resources (NEXA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nexa Resources is evolving from a pure zinc producer to a diversified metals miner, with by-product metals now driving EBITDA. Recent EBITDA gains are heavily reliant on elevated by-product metal prices, raising concerns about sustainability if commodity prices normalize. Aripuana mine is ramping up but remains an execution story, with stable, lower-cost production and free cash flow yet to be proven.
Nexa Resources S.A. NEXA and Teck Resources Limited TECK are two prominent diversified base metals miners with significant zinc and copper production.
Nexa Resources S.A. is rated a buy, driven by robust financials, undervaluation, and strong zinc, copper, and silver price outlooks. NEXA's expansion projects—Aripuana tailings filter and Cerro Pasco integration—are advancing, expected to add $100M–$140M in annual cash flow upon completion. The company is rapidly deleveraging, targeting a debt/EBITDA ratio below 1.8 by 2026, while maintaining high liquidity and responsible capital allocation.