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Nexa Resources Sells Otavi Project to Midnab Resources

Story Highlights
  • Nexa Resources sold the Otavi Project in Namibia to Midnab Resources.
  • The sale aligns with Nexa’s strategy to optimize its portfolio and focus on return-generating assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nexa Resources Sells Otavi Project to Midnab Resources

Confident Investing Starts Here:

Nexa Resources SA ( (NEXA) ) just unveiled an announcement.

On May 15, 2025, Nexa Resources S.A. announced the sale of its Otavi Project in Namibia to Midnab Resources, a subsidiary of Midas Minerals Ltd. The transaction involves a purchase price of $3 million and contingent payments up to $7 million, with Nexa retaining royalty rights. This divestment is part of Nexa’s strategy to optimize its portfolio by focusing on return-generating assets and enhancing free cash flow, while Namibia remains a strategic region for expanding copper exploration.

The most recent analyst rating on (NEXA) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.

Spark’s Take on NEXA Stock

According to Spark, TipRanks’ AI Analyst, NEXA is a Neutral.

Nexa Resources faces significant profitability challenges despite operational efficiencies, reflected in its financial performance. The stock’s bearish technical indicators and negative valuation metrics suggest caution. Although strategic projects and rising metal prices offer some positives, the financial and operational issues highlighted in the earnings call underscore the need for careful management. Overall, the stock is positioned for cautious consideration due to these mixed factors.

To see Spark’s full report on NEXA stock, click here.

More about Nexa Resources SA

Nexa Resources S.A. is a large-scale, low-cost integrated polymetallic producer, primarily focusing on zinc. With over 65 years of experience, the company operates multiple underground and open-pit mines in Latin America, as well as smelting facilities. Nexa was among the top five producers of mined and metallic zinc globally in 2024.

Average Trading Volume: 20,568

Technical Sentiment Signal: Sell

Current Market Cap: $704.6M

See more data about NEXA stock on TipRanks’ Stock Analysis page.

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