NEXA

Nexa Resources S.A.

Nexa Resources S.A.NEXA

Basic Materials · Other Industrial Metals & Mining

13.29USD

+3.34%

Sep 23, 2026

NEXA overview ready

Integrated Latin American Zinc Producer Supporting Industrial Metals Supply Security

Narrative not measured

Industrial Metals Supply SecurityZinc Mining and Smelting SupplyPure play

Price structure is giving way

Longer-term context reads near trend floor, with a near-term setup of constructive pullback.

Fair valuation

Nexa Resources S.A.

Solid fundamentals

Free cash flow yield is strong.

Primary risk

Commodity price volatility.

Market Sep 22Price action Sep 22Research Jul 17

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

Price

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Price Action

Price structure is giving way

Longer-term context reads near trend floor, with a near-term setup of constructive pullback.

EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap: $1.7B
Avg Volume (60D): 759.3K
Revenue Growth YoY: +23.4%
Gross Margin: +28.1%
Operating Margin: +20.8%
Free Cash Flow Yield: +21.6%
Distance from 200DMA: +6.8%
Next Earnings: 2026-10-29
P/E: 6.2x
EV / EBITDA: 3.4x
EV / Sales: 0.9x

Market metrics as of Sep 22, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because cyclical earnings may be at a cycle peak, inflating the earnings the multiple is measured against.

Nexa Resources S.A. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis

Integrated Latin American zinc producer with polymetallic mining operations and Brazilian zinc-smelting capacity; zinc is its principal economic exposure, supplemented by copper, lead, silver, and gold by-products. Nexa has direct, rather than downstream or conceptual, exposure to the zinc supply cycle through its mines and smelters.

Opportunity

Moderate opportunity

Mine supply, concentrate availability, smelter capacity, and refined-zinc availability supporting galvanized steel, infrastructure, construction, automotive, and industrial manufacturing demand.

Key risk

Commodity price volatility.

Narrative & Theme

Industrial Metals Supply Security

Part of Zinc Mining and Smelting Supply, with moderate fit.

Nexa has direct, rather than downstream or conceptual, exposure to the zinc supply cycle through its mines and smelters.

Narrative HeatNeutral5.4 / 10

This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.

Theme HeatUnavailable

Business & Markets

Basic Materials · Other Industrial Metals & Mining

What they do

Nexa Resources S.A. Operates globally in zinc mining and smelting through its subsidiaries, managing polymetallic mines in Peru and Brazil and producing various metals and by-products.

How it earns

The company generates revenue primarily through the sale of mined and smelted metals and related by-products on a transactional basis.

Products & services

Metallic zinc

Zamac

Gold

Sulfuric acid

Zinc oxide

Silver concentrate

Copper cement

Copper sulfate

Lead concentrate

Lead-silver concentrate

Customers & end markets

Industrial metal consumers

Manufacturing and construction sectors

Market position

Nexa is a mid-tier producer in the zinc mining and smelting industry with operations concentrated in South America.

Demand drivers

High cyclicality

Due to exposure to commodity price fluctuations and global industrial demand cycles.