FY2025 EPS Forecast for Nexa Resources Increased by Analyst

Nexa Resources S.A. (NYSE:NEXA) – Investment analysts at Scotiabank boosted their FY2025 earnings estimates for Nexa Resources in a report issued on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.96 per share for the year, up from their previous forecast of $0.94. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources’ FY2026 earnings at $2.34 EPS.

A number of other equities analysts have also commented on NEXA. Morgan Stanley set a $7.70 price objective on Nexa Resources and gave the stock an “underweight” rating in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Nexa Resources from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Nexa Resources in a report on Monday, December 29th. Finally, Citigroup upped their price target on shares of Nexa Resources from $5.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $7.74.

Nexa Resources Price Performance

Shares of NEXA opened at $11.27 on Friday. The stock’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $7.15. Nexa Resources has a 12 month low of $4.44 and a 12 month high of $14.94. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sagil Capital LLP bought a new stake in Nexa Resources in the fourth quarter valued at $11,651,000. Renaissance Technologies LLC increased its position in Nexa Resources by 120.8% in the 4th quarter. Renaissance Technologies LLC now owns 852,800 shares of the company’s stock valued at $7,547,000 after buying an additional 466,500 shares in the last quarter. Jane Street Group LLC acquired a new position in Nexa Resources during the 4th quarter worth approximately $2,404,000. Goldman Sachs Group Inc. bought a new position in Nexa Resources in the fourth quarter worth approximately $1,984,000. Finally, LPL Financial LLC bought a new position in Nexa Resources in the fourth quarter worth approximately $1,651,000.

Nexa Resources Company Profile

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.