FY2026 EPS Estimate for Nexa Resources Boosted by Analyst

Nexa Resources S.A. (NYSE:NEXA) – Research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Nexa Resources in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $2.94 per share for the year, up from their prior forecast of $2.65. Scotiabank currently has a “Sector Perform” rating and a $15.00 price objective on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $2.54 per share. Scotiabank also issued estimates for Nexa Resources’ FY2027 earnings at $3.52 EPS.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised shares of Nexa Resources from an “equal weight” rating to an “overweight” rating and set a $14.20 target price on the stock in a research report on Tuesday, October 6th. Zacks Research cut shares of Nexa Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Wall Street Zen cut shares of Nexa Resources from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on Nexa Resources from $7.50 to $15.50 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Bank of America increased their target price on Nexa Resources from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.94.

Nexa Resources Trading Down 3.6%

NYSE NEXA opened at $12.64 on Thursday. Nexa Resources has a 12 month low of $5.05 and a 12 month high of $16.89. The company has a 50-day moving average of $13.44 and a 200-day moving average of $13.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.46. The company has a market cap of $1.67 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.15 and a beta of 0.94.

Nexa Resources (NYSE:NEXA) last released its earnings results on Thursday, August 6th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.07). The business had revenue of $907.93 million during the quarter, compared to analyst estimates of $906.52 million. Nexa Resources had a net margin of 8.02% and a return on equity of 20.25%.

Institutional Investors Weigh In On Nexa Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Nexa Resources by 47.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,292,701 shares of the company’s stock valued at $13,684,000 after buying an additional 414,474 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Nexa Resources by 3.2% during the 1st quarter. Renaissance Technologies LLC now owns 879,872 shares of the company’s stock valued at $9,318,000 after acquiring an additional 27,072 shares in the last quarter. Bank of America Corp DE raised its position in shares of Nexa Resources by 133.6% during the 1st quarter. Bank of America Corp DE now owns 734,476 shares of the company’s stock valued at $7,778,000 after acquiring an additional 420,005 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in Nexa Resources during the first quarter worth $7,572,000. Finally, Walleye Capital LLC lifted its stake in Nexa Resources by 33.6% during the first quarter. Walleye Capital LLC now owns 698,458 shares of the company’s stock worth $7,397,000 after purchasing an additional 175,477 shares during the last quarter.

Nexa Resources Company Profile

Nexa Resources SA is a mining and metals company focused primarily on the exploration, extraction, processing and production of zinc, lead, copper and silver. The company also produces sulfuric acid and other related byproducts and specialty metals through its integrated mining and smelting operations.

Nexa operates mines and metallurgical facilities in Brazil and Peru, serving industrial customers and markets that use zinc and other base metals in applications such as galvanizing, construction, transportation, infrastructure and manufacturing.