Nexa Resources (NYSE:NEXA) Trading Down 12.2% - Time to Sell?

Key Points

• Shares fell 12.2% mid‑day (trading as low as $15.30) after Q1 results spurred profit‑taking following a prior rally; headlines were mixed — EPS met consensus at $0.67 and revenue was roughly in line, though some outlets flagged an EPS beat.
• Nexa reported Q1 net income of US$118M, adjusted EBITDA more than doubled year‑over‑year, and Aripuana set a quarterly zinc production record, signaling operational leverage from higher metal prices and stronger smelting volumes.
• The stock carries a consensus "Hold" rating with an average target of $9.74, market cap of about $1.84B and a P/E of ~13.9, and the company also announced a special dividend of $0.1321, all of which investors must weigh against valuation concerns after the rally.

Nexa Resources S.A. (NYSE:NEXA - Get Free Report)'s share price traded down 12.2% during mid-day trading on Thursday . The company traded as low as $15.30 and last traded at $14.6740. 272,926 shares were traded during mid-day trading, a decline of 72% from the average session volume of 981,772 shares. The stock had previously closed at $16.72.

More Nexa Resources News

Here are the key news stories impacting Nexa Resources this week:

• Positive Sentiment: Report: Nexa posted Q1 net income of US$118 million, adjusted EBITDA more than doubled year-over-year, and Aripuana set a quarterly zinc production record — operational leverage from higher metal prices and stronger smelting volumes is a clear near-term earnings tailwind. Nexa Reports 1Q26 Net Income
• Positive Sentiment: Earnings coverage: Some outlets (Zacks) flagged a beat versus their consensus (EPS $0.67 vs. Zacks $0.59), which supports the view that operational improvements are translating into EPS upside. Nexa Beats Q1 Estimates (Zacks)
• Neutral Sentiment: Earnings call transcript is available for detail on guidance, costs and metal-price sensitivity — investors will parse management commentary for forward signals on production, capital allocation and timing of the Cerro Lindo streaming adjustment. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Corporate filing: Nexa filed CEO and CFO certifications with the SEC (routine compliance disclosure) — relevant for governance but not a market catalyst by itself. CEO and CFO Certifications Filed
• Negative Sentiment: Valuation note: Coverage flagged that NEXA has seen a sharp multi-period share-price rally and may look richly valued to some investors — that narrative can trigger profit-taking when results are mixed or only in-line. Valuation After Rally (Yahoo)
• Negative Sentiment: Mixed headline metrics: while some outlets call an EPS beat, other summaries show EPS in-line with consensus and revenue roughly as expected — in the context of a prior rally, in-line results can disappoint short-term momentum holders and trigger large-volume selling. Company Press Release / Slides
• Positive Sentiment: Longer-term interest: analyst pieces include Nexa in PEG-driven/GARP and momentum stock lists, highlighting discounted valuation relative to growth potential — a supportive factor for patient investors. PEG-Driven GARP Stock Mention (Zacks)

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Nexa Resources from $7.00 to $7.50 and gave the stock a "neutral" rating in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Nexa Resources from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 1st. Citigroup upped their price target on shares of Nexa Resources from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Tuesday, April 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nexa Resources in a research report on Wednesday, April 22nd. Finally, Scotiabank reduced their price target on shares of Nexa Resources to $14.00 and set a "sector perform" rating for the company in a research report on Monday, March 23rd. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Nexa Resources currently has a consensus rating of "Hold" and an average target price of $9.74.

Nexa Resources Stock Down 16.8%

The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.28 and a beta of 0.90. The firm's 50 day simple moving average is $12.27 and its 200-day simple moving average is $10.06.

Nexa Resources (NYSE:NEXA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. Nexa Resources had a net margin of 4.42% and a return on equity of 11.81%. The business had revenue of $888.30 million for the quarter, compared to analysts' expectations of $885.90 million. On average, sell-side analysts anticipate that Nexa Resources S.A. will post 2.08 EPS for the current fiscal year.

Nexa Resources Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, July 28th will be issued a $0.1321 dividend. The ex-dividend date is Tuesday, July 28th. Nexa Resources's dividend payout ratio is 10.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in Nexa Resources in the 4th quarter valued at about $36,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Nexa Resources in the 4th quarter valued at about $44,000. First Affirmative Financial Network purchased a new position in Nexa Resources in the 3rd quarter valued at about $63,000. New York State Common Retirement Fund purchased a new position in Nexa Resources in the 4th quarter valued at about $83,000. Finally, Susquehanna Portfolio Strategies LLC purchased a new position in Nexa Resources in the 4th quarter valued at about $88,000.

About Nexa Resources

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.

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