Scotiabank Forecasts Nexa Resources FY2026 Earnings

Nexa Resources S.A. (NYSE:NEXA) – Research analysts at Scotiabank issued their FY2026 earnings per share estimates for Nexa Resources in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw anticipates that the company will post earnings per share of $0.76 for the year. Scotiabank has a “Sector Underperform” rating and a $7.00 price target on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is ($0.08) per share.

Separately, Morgan Stanley upgraded shares of Nexa Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $7.50 to $7.80 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.56.

Nexa Resources Stock Performance

Shares of NYSE NEXA opened at $6.46 on Thursday. The stock’s fifty day simple moving average is $7.84 and its 200 day simple moving average is $7.37. The stock has a market capitalization of $855.56 million, a price-to-earnings ratio of -4.28 and a beta of 1.48. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.39. Nexa Resources has a 52-week low of $5.10 and a 52-week high of $9.61.

Hedge Funds Weigh In On Nexa Resources

A hedge fund recently raised its stake in Nexa Resources stock. Renaissance Technologies LLC increased its position in shares of Nexa Resources S.A. (NYSE:NEXA) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,792 shares of the company’s stock after acquiring an additional 12,092 shares during the quarter. Renaissance Technologies LLC owned about 0.26% of Nexa Resources worth $2,611,000 at the end of the most recent quarter.

About Nexa Resources

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.