
Nexa Resources (NEXA) Stock Forecast & Price Target
Nexa Resources (NEXA) Analyst Ratings
Bulls say
Nexa Resources SA has demonstrated resilient operational efficiency with reported cash costs of only ($0.11/lb), significantly outperforming initial forecasts. The company's revised average C1 cash cost guidance of ($0.04)-$0.16/lb reflects an improvement from previous estimates, driven by lower contributions from specific segments. Additionally, despite facing challenges in the first half of the year, Nexa generated positive free cash flow of $13 million, underscoring its potential for future financial stability.
Bears say
Nexa Resources SA has seen a deterioration in its financial metrics, with the net debt to trailing twelve months (T12) EBITDA ratio rising to 2.3x, indicative of increasing leverage. Zinc output experienced a quarterly increase of 9% but still fell 11% year-over-year, coming in 3% below forecasted levels, which raises concerns about operational efficiency and production capacity. Furthermore, the company's revised EBITDA estimates for 2025 to 2027 have been lowered by an average of 4% per annum, reflecting declining profit expectations and contributing to a negative outlook on the stock.
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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