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Nexa Resources SA
(NYSE:NEXA)
Nexa Resources SA (NEXA) vs. SPDR S&P 500 ETF (SPY)
Nexa Resources SA Business Overview & Revenue Model
Nexa Resources SA Earnings Call Summary
Nexa Resources SA Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.99B | 2.77B | 2.57B | 3.03B | 2.62B |
| Gross Profit | 535.01M | 538.07M | 298.88M | 640.05M | 633.09M |
| EBITDA | 766.51M | 608.51M | 205.43M | 672.15M | 697.68M |
| Net Income | 132.63M | -205.03M | -291.97M | 49.70M | 114.33M |
Balance Sheet | |||||
| Total Assets | 5.27B | 4.64B | 4.84B | 4.89B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 521.56M | 640.23M | 468.32M | 515.89M | 763.02M |
| Total Debt | 1.83B | 1.86B | 1.73B | 1.67B | 1.72B |
| Total Liabilities | 3.99B | 3.58B | 3.38B | 3.18B | 3.26B |
| Stockholders Equity | 1.00B | 813.93M | 1.20B | 1.44B | 1.39B |
Cash Flow | |||||
| Free Cash Flow | 51.97M | 90.71M | -57.04M | -120.43M | 7.78M |
| Operating Cash Flow | 403.84M | 349.72M | 256.20M | 266.63M | 492.99M |
| Investing Cash Flow | -320.88M | -237.61M | -270.35M | -378.93M | -469.27M |
| Financing Cash Flow | -200.35M | 61.94M | -34.64M | -149.23M | -344.13M |
Nexa Resources SA Technical Analysis
Nexa Resources SA Risk Analysis
Nexa Resources SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $1.44B | -40.01 | -11.58% | ― | 240.12% | 0.98% | |
58 Neutral | $1.48B | 8.84 | 14.19% | 1.14% | 7.92% | 91.83% | |
57 Neutral | $964.11M | 11.11 | -15.33% | ― | 11.32% | 61.60% | |
50 Neutral | $804.36M | -5.12 | -22.22% | 1.17% | -16.89% | -403.77% | |
47 Neutral | $710.78M | -248.46 | -44.72% | ― | ― | ― |
Nexa Resources SA Corporate Events
On February 26, 2026, Nexa Resources S.A. filed its Form 6-K with the U.S. Securities and Exchange Commission, furnishing consolidated financial statements for the year ended December 31, 2025. The filing, signed by Senior Vice President of Finance and CFO José Carlos del Valle, details a sharp turnaround to a 2025 net profit of $223.1 million after losses in 2024 and 2023, driven by higher net revenues of $3.0 billion, improved gross profit, and a $91.7 million impairment reversal on long-lived assets, although financial expenses remained substantial.
The improved 2025 performance translated into basic and diluted earnings of $1.00 per share attributable to shareholders, compared with losses of $1.55 and $2.20 per share in the prior two years. For stakeholders, the stronger operating income, positive contribution from associates, and higher total comprehensive income of $298.6 million, alongside a still-solid cash position despite a decline from 2024, signal a recovery in Nexa’s financial health that may bolster its standing in the cyclical base-metals industry.
The most recent analyst rating on (NEXA) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On February 26, 2026, Nexa Resources reported its fourth-quarter and full-year 2025 results, highlighting record quarterly performance supported by higher zinc and by-product prices, stronger production at key mines, and disciplined cost control. The company posted 2025 net income of US$223 million and adjusted EBITDA of US$772 million on net revenues of US$3 billion, while reducing gross debt and keeping net debt at 1.7x last twelve months adjusted EBITDA.
Zinc production rose 24% year-over-year in the fourth quarter to 91kt, with the Aripuanã mine achieving its highest output to date and contributing increasingly to earnings as plant performance improved. Smelting volumes declined modestly in line with guidance, but higher prices and by-product credits boosted margins even as mining and smelting unit costs rose, reinforcing Nexa’s financial resilience and supporting its strategy to extend asset life, improve mine–smelter integration, and return capital to shareholders.
The most recent analyst rating on (NEXA) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On February 18, 2026, Luxembourg-based Nexa Resources said operations at its Atacocha San Gerardo open-pit zinc mine in Peru began gradually resuming on February 16, 2026, after protests by the local Joraonivoc community ended and road access was restored. The temporary disruption is expected to result in a production loss of about 0.9kt of zinc, which the company plans to recover in the coming months, leaving its 2026 production guidance unchanged and underscoring its emphasis on safety and continued engagement with host communities.
The restart of Atacocha signals operational normalization after a short-lived community-related stoppage, limiting the impact on Nexa’s broader output plans and financial outlook. By reaffirming full-year guidance and highlighting its commitment to social development and dialogue with local stakeholders, Nexa seeks to reassure investors and regulators that community tensions are being managed without lasting damage to its mining operations in Peru.
The most recent analyst rating on (NEXA) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On February 11, 2026, Nexa Resources reported drilling and assay results for the second half and full year 2025, highlighting positive exploration outcomes across its key Latin American operations. The company completed 274,889 meters of drilling in 2025, including 69,807 meters of exploration and 205,082 meters of infill work, which strengthened geological confidence and supported mineral resource replenishment.
High‑grade intercepts were reported at multiple targets, including Cerro Lindo’s Orebody 8C, the Massaranduba target at Aripuanã, Conexão Sucuri Norte at Vazante and the Integración target at El Porvenir, where thick polymetallic zones with strong silver grades were confirmed. These results are expected to extend mine lives, enhance medium‑term production optionality and reinforce Nexa’s brownfield growth pipeline, with substantial additional drilling planned in Peru and Brazil during 2026 to further expand and upgrade resources.
The most recent analyst rating on (NEXA) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On February 6, 2026, Nexa Resources reported preliminary operational results for the three- and twelve-month periods ended December 31, 2025, confirming that it met its 2025 consolidated production, sales and cost guidance and outlining its production, sales, cost and capex outlook for 2026–2028. Zinc production reached 316kt, copper 33kt, lead 63kt and silver 11 million ounces, all within guidance ranges, with particularly strong performance at Cajamarquilla, which delivered record annual zinc metal output and helped keep total metal sales at 567kt near the midpoint of guidance despite operational instability in Brazilian smelters and lower treatment charges. Nexa also kept total expenditures below guidance and significantly outperformed its mining C1 cash cost target, ending roughly 48% below the guided range due to efficiency gains, disciplined cost management and higher by‑product credits, while both mining run‑of‑mine costs and smelting conversion costs were contained within or below guided levels, underscoring improved operational efficiency and supporting the company’s strategic positioning as a cost‑competitive, diversified base‑metals and silver producer ahead of its detailed 2025 financial results release on February 26, 2026.
The most recent analyst rating on (NEXA) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On January 21, 2026, Nexa Resources announced that it has temporarily suspended production at its Atacocha San Gerardo open-pit mine in Peru after the Joraoniyoc community illegally blocked road access to the site as part of protest activities. While the company reported no material impact on Atacocha’s production to date and noted that the mine’s output of roughly 0.2kt of zinc per week represents less than 3% of Nexa’s total zinc production, operations have been reduced to critical maintenance with a minimum workforce as management engages in dialogue with local communities and authorities to seek a peaceful resolution, underscoring both the limited immediate impact on group production and the ongoing social and operational risks associated with community relations in its host regions.
The most recent analyst rating on (NEXA) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Nexa Resources SA stock, see the NEXA Stock Forecast page.
On December 22, 2025, Nexa Resources S.A. announced it had completed the previously disclosed sale of ten Exclusive Prospecting Licenses that make up its Otavi and Namibia North projects to Midnab Resources, a subsidiary of Australia-listed Midas Minerals. The assets, formerly part of a joint venture between Nexa Brazil and Japan’s state-owned JOGMEC, were fully transferred with all related rights, titles and interests, with JOGMEC retaining rights to 49% of the sale proceeds. Nexa said the divestment is part of its ongoing portfolio optimization strategy aimed at prioritizing higher-return assets, boosting free cash flow and reinforcing disciplined capital allocation, while confirming that Namibia remains a strategic region as it advances copper exploration initiatives beyond its core Latin American base, signaling a continued regional presence but with a more focused asset mix for investors and other stakeholders.
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.