
Nexa Resources (NEXA) Stock Forecast & Price Target
Nexa Resources (NEXA) Analyst Ratings
Bulls say
Nexa Resources SA has demonstrated strong financial performance with significantly lower reported cash costs of ($0.11/lb), which exceeded earlier forecasts, despite a higher cost of goods sold (COGS) of $500 million. The updated average C1 cash cost guidance of ($0.04)-$0.16/lb shows an improvement compared to previous guidance and reflects a reduced contribution from certain operational segments. Furthermore, the company reported a positive free cash flow (FCF) of $13 million, indicating a rebound from prior negative cash flow performance in the first half of the year.
Bears say
Nexa Resources SA's net debt to trailing twelve months (T12) EBITDA ratio has deteriorated to 2.3x, indicating increased leverage concerns. Additionally, zinc output of 74,000 tons was 3% below forecasts and reflected a significant decline of 11% year-over-year despite a 9% quarter-over-quarter improvement. The company's revised EBITDA estimates for 2025 to 2027 have been decreased by an average of 4% per annum, further highlighting the deteriorating financial outlook.
This aggregate rating is based on analysts' research of Nexa Resources and is not a guaranteed prediction by Public.com or investment advice.
Nexa Resources (NEXA) Analyst Forecast & Price Prediction
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