Nexa Resources falls sharply amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2024
0mins
Should l Buy NEXA?
Source: Newsfilter
Nexa Resources SA's stock price dropped significantly, crossing below its 5-day SMA, reflecting a challenging trading environment.
The decline in Nexa's stock is attributed to sector rotation, as the broader market, including the Nasdaq-100 and S&P 500, experienced losses of 0.17% and 0.30%, respectively. This shift indicates that investors are reallocating their portfolios away from mining stocks, impacting Nexa's performance negatively.
As the market continues to show weakness, Nexa may face further pressure unless there are positive developments in the mining sector or broader economic indicators.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NEXA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NEXA
Wall Street analysts forecast NEXA stock price to fall
5 Analyst Rating
0 Buy
4 Hold
1 Sell
Hold
Current: 14.330
Low
5.00
Averages
6.80
High
10.00
Current: 14.330
Low
5.00
Averages
6.80
High
10.00
About NEXA
Nexa Resources SA, formerly VM Holding SA, is a Luxembourg-based company engaged in the mineral resources industry. The Company is a metals and mining entity mainly engaged in zinc content production, and whose product portfolio also includes copper, lead, silver, and gold. Its mining and smelting presence is located in Brazil, conducted by Votorantim Metais Zinco SA, and in Peru, conducted by Compania Minera Milpo SAA, and Votorantim Metais-Cajamarquilla SA. Its controlling shareholder is Votorantim SA, a Brazilian privately owned industrial conglomerate that holds ownership interests in metal, steel, cement, energy and pulp companies, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nexa Resources Stock Falls 0.3% as Estadao Reports Votorantim Nearing Sale of Controlling Stake
Stock Performance: Nexa Resources shares have decreased by 0.3%.
Corporate Action: Estadao reports that Brazilian conglomerate Votorantim is close to selling its controlling stake in Nexa Resources.
See More
Votorantim Nears Sale of Controlling Interest in Zinc Producer Nexa Resources for 7 Billion Reais, According to Estadao
Brazilian Conglomerate Vote: A Brazilian conglomerate is nearing a vote to sell its controlling stake in a zinc producer, Nexa Resources.
Financial Implications: The deal is reported to be valued at approximately $7 billion, highlighting significant financial movements in the mining sector.
See More
Nexa Resources Shares Surge 22.7% Amid Analyst Upgrades
- Significant Stock Surge: Nexa Resources shares jumped 22.7% to $14.65 in the last trading session, with trading volume significantly above average, indicating strong market optimism regarding its future performance.
- Analyst Price Target Increase: Citigroup raised Nexa's price target from $11.00 to $12.50 while maintaining a 'Neutral' rating, reflecting cautious optimism driven by strong fourth-quarter results and increased mineral reserves despite broader macroeconomic challenges.
- Strong Operational Performance: In Q4 2025, Nexa reported net revenues of $903 million, an 18% quarter-over-quarter increase, primarily driven by higher prices for zinc and key by-products, showcasing the company's ongoing focus on efficiency and cost control.
- Earnings Estimate Revision: While the upcoming quarterly earnings are expected to be $0.61 per share, representing a year-over-year increase of 281.3%, the consensus EPS estimate has been revised down by 14.3% over the past 30 days, which may negatively impact stock price, necessitating close monitoring of future performance.
See More
Nexa Resources Q4 2025 Earnings Highlights
- Zinc Production Growth: In Q4 2025, zinc production reached 91,000 tons, a 9% increase from the previous quarter, reflecting enhanced operational stability at sites like Aripuanã, thereby strengthening the company's competitive position in the zinc market.
- Strong Financial Performance: The fourth quarter net revenue hit $903 million, a 22% year-over-year increase, with adjusted EBITDA of $300 million, showcasing the company's profitability and operational efficiency in a favorable pricing environment.
- Cash Flow and Debt Management: Despite a negative free cash flow of $105 million for the year, the company successfully reduced net debt by $96 million, improving net leverage to 1.7x, which further enhances financial flexibility.
- Strategic Investments and Project Progress: The installation of the fourth tailings filter at Aripuanã is on schedule, with full production capacity expected in the second half of 2026, supporting long-term cash flow generation and enhancing overall profitability.
See More
Nexa Resources Achieves Q4 Production Targets
- Zinc Production Performance: Nexa Resources achieved zinc production of 316kt in Q4, meeting annual targets, with Aripuanã, Cerro Lindo, and Atacocha performing at the upper end, showcasing the company's strong competitive position in the zinc market.
- Stable Copper, Lead, and Silver Output: Copper production totaled 33kt, landing at the midpoint of guidance, primarily due to Cerro Lindo's strong performance; lead production reached 63kt at the upper end of guidance, while silver production totaled 11MMoz, reinforcing the company's significant role in global silver production.
- Sales and Cost Control: Total metal sales amounted to 567kt, in line with guidance, and despite operational instabilities in Brazil, record output at the Cajamarquilla smelter compensated for this, demonstrating the company's success in cost management and efficiency improvements.
- Strategic Investment and Spending Optimization: The company successfully achieved its cost guidance with total expenditures below expectations, driven by strategic optimization initiatives that allowed continued investment in long-term growth projects, ensuring sustainable future development.
See More
Nexa Resources (NEXA) Suspends Production at Atacocha Mine Due to Protests, Limited Impact
- Production Suspension: Nexa Resources has temporarily suspended operations at its Atacocha San Gerardo open-pit mine in Peru due to protests from the local Joraoniyoc community, although production has not been materially affected so far, limiting activities to critical operations with a minimal workforce.
- Zinc Production Overview: Atacocha produces 200 tons of zinc per week, accounting for less than 3% of the company's total zinc output, indicating that while production is halted, the overall business impact remains relatively minor.
- Protest Context: The road access to the mine has been blocked due to local community protests, highlighting the potential impact of social and environmental issues on mining operations, which could affect future production plans.
- Market Reaction: Following the announcement, Nexa Resources' stock fell 6.6% in after-hours trading, reflecting market concerns over the production halt, despite the limited short-term impact.
See More
Nexa Resources Stock Falls 0.3% as Estadao Reports Votorantim Nearing Sale of Controlling Stake
Stock Performance: Nexa Resources shares have decreased by 0.3%.
Corporate Action: Estadao reports that Brazilian conglomerate Votorantim is close to selling its controlling stake in Nexa Resources.
See More
Votorantim Nears Sale of Controlling Interest in Zinc Producer Nexa Resources for 7 Billion Reais, According to Estadao
Brazilian Conglomerate Vote: A Brazilian conglomerate is nearing a vote to sell its controlling stake in a zinc producer, Nexa Resources.
Financial Implications: The deal is reported to be valued at approximately $7 billion, highlighting significant financial movements in the mining sector.
See More
Nexa Resources Shares Surge 22.7% Amid Analyst Upgrades
- Significant Stock Surge: Nexa Resources shares jumped 22.7% to $14.65 in the last trading session, with trading volume significantly above average, indicating strong market optimism regarding its future performance.
- Analyst Price Target Increase: Citigroup raised Nexa's price target from $11.00 to $12.50 while maintaining a 'Neutral' rating, reflecting cautious optimism driven by strong fourth-quarter results and increased mineral reserves despite broader macroeconomic challenges.
- Strong Operational Performance: In Q4 2025, Nexa reported net revenues of $903 million, an 18% quarter-over-quarter increase, primarily driven by higher prices for zinc and key by-products, showcasing the company's ongoing focus on efficiency and cost control.
- Earnings Estimate Revision: While the upcoming quarterly earnings are expected to be $0.61 per share, representing a year-over-year increase of 281.3%, the consensus EPS estimate has been revised down by 14.3% over the past 30 days, which may negatively impact stock price, necessitating close monitoring of future performance.
See More
Nexa Resources Q4 2025 Earnings Highlights
- Zinc Production Growth: In Q4 2025, zinc production reached 91,000 tons, a 9% increase from the previous quarter, reflecting enhanced operational stability at sites like Aripuanã, thereby strengthening the company's competitive position in the zinc market.
- Strong Financial Performance: The fourth quarter net revenue hit $903 million, a 22% year-over-year increase, with adjusted EBITDA of $300 million, showcasing the company's profitability and operational efficiency in a favorable pricing environment.
- Cash Flow and Debt Management: Despite a negative free cash flow of $105 million for the year, the company successfully reduced net debt by $96 million, improving net leverage to 1.7x, which further enhances financial flexibility.
- Strategic Investments and Project Progress: The installation of the fourth tailings filter at Aripuanã is on schedule, with full production capacity expected in the second half of 2026, supporting long-term cash flow generation and enhancing overall profitability.
See More
Nexa Resources Achieves Q4 Production Targets
- Zinc Production Performance: Nexa Resources achieved zinc production of 316kt in Q4, meeting annual targets, with Aripuanã, Cerro Lindo, and Atacocha performing at the upper end, showcasing the company's strong competitive position in the zinc market.
- Stable Copper, Lead, and Silver Output: Copper production totaled 33kt, landing at the midpoint of guidance, primarily due to Cerro Lindo's strong performance; lead production reached 63kt at the upper end of guidance, while silver production totaled 11MMoz, reinforcing the company's significant role in global silver production.
- Sales and Cost Control: Total metal sales amounted to 567kt, in line with guidance, and despite operational instabilities in Brazil, record output at the Cajamarquilla smelter compensated for this, demonstrating the company's success in cost management and efficiency improvements.
- Strategic Investment and Spending Optimization: The company successfully achieved its cost guidance with total expenditures below expectations, driven by strategic optimization initiatives that allowed continued investment in long-term growth projects, ensuring sustainable future development.
See More
Nexa Resources (NEXA) Suspends Production at Atacocha Mine Due to Protests, Limited Impact
- Production Suspension: Nexa Resources has temporarily suspended operations at its Atacocha San Gerardo open-pit mine in Peru due to protests from the local Joraoniyoc community, although production has not been materially affected so far, limiting activities to critical operations with a minimal workforce.
- Zinc Production Overview: Atacocha produces 200 tons of zinc per week, accounting for less than 3% of the company's total zinc output, indicating that while production is halted, the overall business impact remains relatively minor.
- Protest Context: The road access to the mine has been blocked due to local community protests, highlighting the potential impact of social and environmental issues on mining operations, which could affect future production plans.
- Market Reaction: Following the announcement, Nexa Resources' stock fell 6.6% in after-hours trading, reflecting market concerns over the production halt, despite the limited short-term impact.
See More
