Nexa Resources S.A., through its subsidiaries, engages in the zinc mining and smelting business. It also produces zinc, silver, gold, copper, cement, sulfuric acid, lead, agricultural lime, and copper sulfate deposits. The company owns and operates five underground polymetallic mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil. It also develops the Aripuanã project located in Mato Grosso, Brazil. The company also exports its products. The company was formerly known as VM Holding S.A. and changed its name to Nexa Resources S.A. in September 2017. The company was founded in 1956 and is based in Luxembourg City, Luxembourg. Nexa Resources S.A. operates as a subsidiary of Votorantim S.A.
IPO Year: 2017
Exchange: NYSE
Website: nexaresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2023 | $5.00 → $4.50 | Sector Perform → Sector Underperform | Scotiabank |
| 3/30/2023 | $6.00 → $5.60 | Overweight → Underweight | Morgan Stanley |
| 9/16/2022 | $7.20 → $6.60 | Equal-Weight → Overweight | Morgan Stanley |
| 10/29/2021 | $10.10 | Overweight → Equal-Weight | Morgan Stanley |
| 9/29/2021 | $10.00 → $8.90 | Equal-Weight → Overweight | Morgan Stanley |
| 8/19/2021 | $13.50 → $10.00 | Underperform → Market Perform | BMO Capital |
SC 13G/A - Nexa Resources S.A. (0001713930) (Subject)
SC 13G/A - Nexa Resources S.A. (0001713930) (Subject)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
SD - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
6-K - Nexa Resources S.A. (0001713930) (Filer)
Adjusted EBITDA reached more than double the US$87 million reported in 3Q23, primarily due to higher zinc prices, strong by-products contribution, improved results from Aripuanã, and lower mineral exploration and project evaluation expenses in the period.Net revenues totaled US$709 million in 3Q24, up 9% year-over-year, driven by higher zinc and copper prices.Free cash flow was US$51 million, supported by robust operating cash flow and lower CAPEX investments, partially offset by a negative working capital variation. LUXEMBOURG / ACCESSWIRE / October 31, 2024 / Nexa Resources, one of the world's leading zinc producers, delivered a solid performance in 3Q24. Net income for the quarter was US$
Nexa Reaffirms Total Mining Production Guidance for All Metals, Lowers Mining Cash Cost and Capital Expenditures 2024 Guidance LUXEMBOURG / ACCESSWIRE / October 24, 2024 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE Symbol:NEXA) today reaffirms its 2024 guidance for total zinc and lead production in the mining segment, updates production guidance for certain of its mines and lowers mining cash cost and capital expenditures guidance. The figures contained in this report are forward-looking statements, preliminary and unaudited. The financial results for the third quarter of 2024 will be published on Thursday, October 31, 2024 (after trading hours).Summary Highlight
LUXEMBOURG / ACCESSWIRE / October 24, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") is pleased to provide today the drilling and assay results from the third quarter of 2024. This document contains forward-looking statements.SummaryNexa's 2024 drilling strategy emphasizes near-mine expansion and brownfield and infill drilling, with additional exploration drilling planned for promising greenfield projects.Exploration expenditure and drilling execution are approximately 14% behind schedule, mainly due to operational challenges and rainfall impacting activities at Cerro Lindo. By the end of the third quarter, cumulative drilling reached 170,008 meters comprising 44,658 met
LUXEMBOURG / ACCESSWIRE / October 1, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol:NEXA) announces today changes to its Board of Directors and senior leadership team.The Company announces the departure of Mr. João Schmidt, who has stepped down from his role as a Board member, effective October 1, 2024.At the same time, Nexa is pleased to announce the appointment of Mr. Flavio Aidar to the Board of Directors.Mr. Aidar holds a degree in Business Administration from Fundação Getúlio Vargas and brings over 7 years of experience in the industrial, infrastructure, and mining sectors, along with extensive board experience in various countries and financial mark
Adjusted EBITDA reached US$ 200 million, up by 64% quarter-over-quarter and 180% year-over-year, mainly due to higher sales volume, higher zinc prices, improved margins at Aripuanã and higher by-products contribution.Net revenues increased to US$ 736 million from US$ 627 million in 2Q23 and US$ 580 million in 1Q24, driven by higher LME metal prices in both cases, increased mining sales volume year-over-year, and increased smelting sales volume quarter-over-quarter. LUXEMBOURG / ACCESSWIRE / August 1, 2024 / Nexa Resources, one of the world's leading zinc producers, achieved solid financial performance in 2Q24. Adjusted EBITDA reached US$ 200 million, an increase of 64% from the previous quar
LUXEMBOURG / ACCESSWIRE / July 25, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") is pleased to provide today the drilling and assay results from the second quarter of 2024. This document contains forward-looking statements.SummaryNexa's drilling strategy for 2024 focuses on near-mine expansion, brownfield and infill drilling. Additional exploratory drilling is also planned for greenfield projects with favorable prospects.Exploration expenditure and drilling production are running close to budget but are slightly behind the drilling schedule. By the end of the second quarter, cumulative drilling production reached 105,198 meters, with 25,808 meters from exploratory drill
LUXEMBOURG / ACCESSWIRE / July 1, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol:NEXA) announces today that it has completed the previously announced sale (the "Transaction") of the Morro Agudo Complex situated in the state of Minas Gerais in Brazil to Casa Verde Holding Ltda ("Casa Verde"). Refer to the news release dated April 5, 2024 for more information on the Transaction.With the completion of the Transaction, and pursuant to the terms of the definitive agreement, Nexa has sold, transferred and assigned all rights, titles, and interests in the Morro Agudo Complex to Casa Verde. The Transaction was completed following the fulfillment of all closing co
LUXEMBOURG / ACCESSWIRE / June 13, 2024 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) announces that the Annual General Meeting of the Shareholders was successfully held today at its registered office.A total of 102,840,007 shares were voted at the Annual General Meeting of the Shareholders, representing 77.65% of the overall votes attached to outstanding shares.Shareholders voted in favor of all proposed resolutions, as follows: Resolution - AGM% For% WithheldElect Board members: Jaime Ardila98.76%0.24%Gianfranco Castagnola99.89%0.11%Daniella Elena Dimitrov100.00%0.00%Luis Ermírio de Moraes98.76%0.24%Hilmar Rode100.00%0.00%Edward Ruiz100.00%0.00%Jane Sad
LUXEMBOURG / ACCESSWIRE / April 24, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE:NEXA) is pleased to announce the publication of its 2023 Sustainability Report. The report highlights the Company's commitment to corporate sustainability and socially responsible actions as well as discloses the Company's initiatives and achievements related to its business, employees, communities, and the planet.This report is established according to the guidelines of the Integrated Reporting Council ("IIRC") and to the Global Reporting Initiative ("GRI") in addition to the guidelines of the Sustainability Accounting Standards Board ("SASB") and recommendations of the Task Forc
LUXEMBOURG, April 12, 2024 /PRNewswire/ -- Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol: "NEXA") announces today the early tender expiration and results of its previously announced offer to purchase for cash (the "2028 Tender Offer"). Pursuant to the offer to purchase dated April 1, 2024 (the "Offer to Purchase"), Nexa Resources offered to purchase for cash (i) any and all of its 5.375% senior unsecured guaranteed notes due 2027 (the "2027 Notes") and (ii) up to a Maximum Payment Amount (as defined in the Offer to Purchase) of its outstanding 6.500% Notes due 2028 unconditionally and irrevocably guaranteed by the Guarantors (the "2028 Notes"). On April 5, 2024
B of A Securities analyst Lawson Winder maintains Nexa Res (NYSE:NEXA) with a Underperform and raises the price target from $7.5 to $8.
Morgan Stanley analyst Carlos De Alba maintains Nexa Res (NYSE:NEXA) with a Underweight and raises the price target from $7 to $7.5.
Scotiabank analyst Orest Wowkodaw maintains Nexa Res (NYSE:NEXA) with a Sector Underperform and raises the price target from $6 to $7.
As of May 30, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Nexa Resources S.A. (NYSE:NEXA) On May 2, Nexa posted better-than-expected quarterly sales. The
1. Anglo American rejected BHP Group's (NYSE:BHP) $39B bid, triggering a potential bidding war with Glencore (OTC:GLCNF). Glencore’s interest arises amid BHP’s revised approach to divest South African assets. Anglo holds crucial copper reserves in Chile and Peru, with Glencore's stake in Collahuasi adding intrigue. However, Glencore’s $6.9 billion Teck coal acquisition and political and regulatory complexities in South Africa heighten the situation, including upcoming national elections, complicate the matter. BHP faces a May 22 deadline for a new bid. 2. Gold Resource (AMEX:GORO) reported Q1 results from its Don David Gold Mine in Oaxaca, Mexico, and provided a corporate
BMO Capital analyst Jackie Przybylowski maintains Nexa Res (NYSE:NEXA) with a Market Perform and lowers the price target from $7.5 to $7.
Nexa Res (NYSE:NEXA) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.03) by 400 percent. This is a 1400 percent decrease over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $580.000 million which beat the analyst consensus estimate of $569.990 million by 1.76 percent. This is a 13.08 percent decrease over sales of $667.318 million the same period last year.
Scotiabank analyst Orest Wowkodaw maintains Nexa Res (NYSE:NEXA) with a Sector Underperform and raises the price target from $4.5 to $6.
Top Stories for April 4, 2024: Radius Recycling (NASDAQ:RDUS) reported a fiscal second-quarter loss of $34 million (per-share loss of $1.19), adjusted EBITDA of $3 million and per-share loss of $1.04 from continuing operations. The company faced challenges in the quarter due to tight recycled metal supplies, adverse weather and low U.S. manufacturing activity. Ferrous sales dropped 15% quarter-over-quarter, nonferrous sales fell 3% but grew 7% year-over-year and finished steel sales rose 5% year-over-year but fell 11% quarter-over-quarter. The company initiated a plan to cut SG&A by 10% and improve production efficiency, aiming for $40 million in annual benefits and adding t
Nexa expects to use the proceeds of this offering primarily to fund a cash tender offer for its existing notes due 2027 and notes due 2028 that are validly tendered and accepted for purchase pursuant to the tender offers announced on April 1, 2024, and the remainder, if any, for general corporate purposes, including liability management transactions
LUXEMBOURG / ACCESSWIRE / October 1, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol:NEXA) announces today changes to its Board of Directors and senior leadership team.The Company announces the departure of Mr. João Schmidt, who has stepped down from his role as a Board member, effective October 1, 2024.At the same time, Nexa is pleased to announce the appointment of Mr. Flavio Aidar to the Board of Directors.Mr. Aidar holds a degree in Business Administration from Fundação Getúlio Vargas and brings over 7 years of experience in the industrial, infrastructure, and mining sectors, along with extensive board experience in various countries and financial mark
LUXEMBOURG / ACCESSWIRE / June 13, 2024 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) announces that the Annual General Meeting of the Shareholders was successfully held today at its registered office.A total of 102,840,007 shares were voted at the Annual General Meeting of the Shareholders, representing 77.65% of the overall votes attached to outstanding shares.Shareholders voted in favor of all proposed resolutions, as follows: Resolution - AGM% For% WithheldElect Board members: Jaime Ardila98.76%0.24%Gianfranco Castagnola99.89%0.11%Daniella Elena Dimitrov100.00%0.00%Luis Ermírio de Moraes98.76%0.24%Hilmar Rode100.00%0.00%Edward Ruiz100.00%0.00%Jane Sad
LUXEMBOURG / ACCESSWIRE / June 22, 2023 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) announces that the Annual General Meeting of the Shareholders was successfully held today at its registered office.A total of 113,542,237 shares were voted at the Annual General Meeting of the Shareholders, representing 85.73% of the overall votes attached to outstanding shares.Shareholders voted in favor of all proposed resolutions, as follows:Resolution - AGM% For% WithheldElect one new Board member: Hilmar Rode99.53%0.47%Appointment of the statutory auditor: PricewaterhouseCoopers LLP88.1%11.9%Annual Accounts 2022100.00%0.00%Consolidated financial statements 2022100.00
LUXEMBOURG / ACCESSWIRE / September 14, 2022 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) is pleased to announce that its Board of Directors has approved the appointment of José Carlos del Valle as Nexa's Senior Vice-President of Finance and Group Chief Financial Officer ("CFO"), effective October 3rd, 2022."I am delighted to welcome José Carlos to our team. He is a well-known executive in the mining financial markets, and we believe that his solid track record will help us achieve our long-term goals, improve our competitiveness, and consolidate our high-performance culture", said Ignacio Rosado, President and Chief Executive Officer ("CEO").Mr. del Valle,
Scotiabank downgraded Nexa Resources from Sector Perform to Sector Underperform and set a new price target of $4.50 from $5.00 previously
Morgan Stanley downgraded Nexa Resources from Overweight to Underweight and set a new price target of $5.60 from $6.00 previously
Morgan Stanley upgraded Nexa Resources from Equal-Weight to Overweight and set a new price target of $6.60 from $7.20 previously
Morgan Stanley downgraded Nexa Resources from Overweight to Equal-Weight and set a new price target of $10.10
Morgan Stanley upgraded Nexa Resources from Equal-Weight to Overweight and set a new price target of $8.90 from $10.00 previously
BMO Capital upgraded Nexa Resources from Underperform to Market Perform and set a new price target of $10.00 from $13.50 previously
Morgan Stanley downgraded Nexa Resources from Overweight to Equal-Weight and set a new price target of $10.20
Credit Suisse upgraded Nexa Resources from Underperform to Neutral and set a new price target of $11.00 from $8.50 previously
Credit Suisse upgraded Nexa Resources from Underperform to Neutral
Citigroup downgraded Nexa Resources from Buy to Neutral and set a new price target of $11.00
Nexa Reaffirms Total Mining Production Guidance for All Metals, Lowers Mining Cash Cost and Capital Expenditures 2024 Guidance LUXEMBOURG / ACCESSWIRE / October 24, 2024 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE Symbol:NEXA) today reaffirms its 2024 guidance for total zinc and lead production in the mining segment, updates production guidance for certain of its mines and lowers mining cash cost and capital expenditures guidance. The figures contained in this report are forward-looking statements, preliminary and unaudited. The financial results for the third quarter of 2024 will be published on Thursday, October 31, 2024 (after trading hours).Summary Highlight
Full Year Net Loss of US$289 million and Adjusted EBITDA of US$391 millionLUXEMBOURG / ACCESSWIRE / February 21, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or the "Company") announces today its results for the three and twelve-month periods ended December 31, 2023.CEO Message - Ignacio Rosado"In 2023, we continued to focus on increasing efficiency across our organization. We deployed several initiatives, which streamlined our cost base and supported our strategic priorities. Significant effort was also made on overcoming the challenges we encountered in the ramp-up of our Aripuanã mine, which is now firmly on track to reach nameplate capacity in mid-2024. We closed the year achiev
LUXEMBOURG / ACCESSWIRE / February 01, 2024 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) is pleased to announce operational results for the three and twelve-month periods ended December 31, 2023, and provide its production and metal sales guidance for the three-year period 2024-2026. The Company is also providing cash costs, capital expenditures and other operating expenses guidance for 2024. The figures contained in this report are considered preliminary and are unaudited. The financial results for the fourth quarter and full year 2023 are expected to be published on Wednesday, February 21, 2024 (after trading hours).2023 Summary Highlights2023 mining prod
LUXEMBOURG / ACCESSWIRE / October 24, 2023 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE:NEXA) today provides an update on the progress of the Aripuanã ramp-up phase and new estimates for production, in addition to exploration and project development and cash costs revisions. The figures contained in this report are considered preliminary and are unaudited. The financial results for the third quarter 2023 will be published on Monday, October 30, 2023 (after trading hours).Summary HighlightsAripuanã: Zinc production for 2023 is now expected to be 20-23kt, lower than previous guidance of 28-40kt, mainly explained by processing plant limitations due to certain equipm
LUXEMBOURG / ACCESSWIRE / February 15, 2023 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and twelve months ended December 31, 2022 and provides its production and metal sales guidance for the three-year period 2023-2025. The Company is also providing cash cost, capital expenditures and other operating expenses guidance for 2023.CEO Message - Ignacio Rosado"The fourth quarter of 2022 marked my first full year as CEO of Nexa, where I focused on increasing efficiency across our organization. We deployed a set of initiatives and new ways of working, which streamlined our cost base, as well as supported our strategic priorities.We achiev
LUXEMBOURG / ACCESSWIRE / February 15, 2023 / Nexa Resources S.A. ("Nexa Resources" or "Nexa" or the "Company") (NYSE Symbol: "NEXA"), announces that the board of directors of the Company approved1 a distribution of approximatively US$25 million as share premium ("Special Cash Dividend"). This represents approximately a Special Cash Dividend of US$0.188766 per common share, considering 132,438,611 shares outstanding as of December 31, 2022, to shareholders of the Company of record at the close of business on March 10, 2023.The Special Cash Dividend will be paid on March 24, 2023. The Special Cash Dividend amount will be exempt from tax.1Subject to ratification, in accordance with Luxembourg
LUXEMBOURG / ACCESSWIRE / October 27, 2022 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and nine months ended September 30, 2022.CEO Message - Ignacio Rosado"Market expectations for a global recession driven by rising inflation resulted in aggressive monetary policy tightening, increasing commodity price volatility, and which has put base metal prices under significant pressure since mid-second quarter. Although we believe the fundamental value for zinc will be strong in the coming months, given low inventory levels and a decrease or shutdown of production in smelters in Europe, we are taking appropriate measures to maintain a healt
LUXEMBOURG / ACCESSWIRE / July 28, 2022 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and six months ended June 30, 2022.CEO Message - Ignacio Rosado"We delivered strong results across the Company and recorded the highest quarterly Adjusted EBITDA in our history. We would like to thank our teams for the hard work in safely improving our performance and mitigating inflationary cost pressure and supply chain constraints. We are fine-tuning our operating strategy to improve our value propositions to remain competitive through the commodities' cycle.We have seen increased volatility in the capital markets, as well as growing concerns abo
LUXEMBOURG / ACCESSWIRE / April 28, 2022 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three months ended March 31, 2022.CEO Message - Ignacio Rosado"We have delivered another strong result, overcoming operational challenges such as the emergence of Omicron variant and the flooding in Vazante. We believe that our financial discipline combined with our focus on operational efficiency along with constantly improving execution, will support our annual guidance and create sustainable value, allowing us to grow stronger as a socially responsible Company and an attractive investment option for the market.Looking ahead, overall sentiment remains
LUXEMBOURG / ACCESSWIRE / February 15, 2022 / Nexa Resources S.A. (NYSE:NEXA)("Nexa Resources", "Nexa", or "Company") announces today its results for the three and twelve months ended December 31, 2021. This Earnings Release should be read in conjunction with the audited consolidated financial statements of Nexa and the notes thereto for the financial year ended December 31, 2021 (the "2021 Consolidated Financial Statements"). This document contains forward-looking statements.CEO Message - Ignacio Rosado"I am delighted to be introducing Nexa's fourth quarter and full-year 2021 results, my first earnings release as the Company's new CEO. I would like to say thank you to Nexa's Board of Direct