# Nexa Resources S.A. (NEXA)

> Source: Nexqual · https://nexqual.com/NEXA · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Nexa Resources S.A. (NEXA), nexqual.com/NEXA" · informational, not investment advice.

**Price:** USD 11.48 (+2.87% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 11.16 · day 11.14–11.55 · 52w 5.05–16.89 · market cap $1.52B · NYQ

## Key facts
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 14.04 (range 13–15).
- Total return with dividends: 1Y +98.9% vs S&P 500 +14.0%; 5Y +50.5% vs S&P 500 +76.9%.
- Next earnings: 2026-10-29, EPS estimate USD 0.69, revenue estimate $969M.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 14.04 (low 13, high 15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-28 | Scotiabank | Target raised | Sector Perform | $14 → $15 |
| 2026-08-08 | Scotiabank | Target lowered | Sector Perform | $15 → $14 |
| 2026-07-24 | JP Morgan | Target raised | Neutral | $7.5 → $15.5 |
| 2026-07-09 | B of A Securities | Target raised | Underperform | $12 → $14 |
| 2026-07-08 | Morgan Stanley | Target raised | Equal-Weight | $11.5 → $12.5 |
| 2026-07-07 | Scotiabank | Target raised | Sector Perform | $14.5 → $15 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +98.9% | +50.5% |
| S&P 500 (SPY) | +14.0% | +76.9% |
| Per year | +99.7% | +8.5% |
| Volatility (annualized) | 74.6% | 53.5% |
| Max drawdown | -37.3% (Mar 2026→Mar 2026) | -55.6% (Apr 2022→Jul 2023) |

## Peers (Other Industrial Metals & Mining)
SSMR (Sunshine Silver Mining & Refini) USD 13.23 +0.46% · ALM (Almonty Industries Inc.) USD 8.86 +1.20% · USAR (USA Rare Earth, Inc.) USD 9.33 -3.12% · SKE (Skeena Resources Limited) USD 28.02 -2.51% · MTRN (Materion Corporation) USD 221.06 +0.89% · MP (MP Materials Corp.) USD 38.3 -0.67%

## More
Full page: https://nexqual.com/NEXA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NEXA's own 20-F filed 2026-03-26 (https://www.sec.gov/Archives/edgar/data/1713930/000129281426001787/nexaform20f_2025.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Votorantim | "Since we rely on the Votorantim Group for the negotiation, renewal and extension of these agreements, there can be" |
| Customer | Cajamarquilla | "39.8% to US$233.4 million, driven primarily by higher Cajamarquilla export volumes directed to U.S. customers and increased demand from" |

Other companies that name NEXA in their own reports (relationship from NEXA's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | SOLITARIO RESOURCES CORP. (XPL) | 10-K 2026-03-05 | "Nexa Resources, Ltd. ("Nexa"), Solitario's joint venture partner, is continuing the exploration and furtherance of the Florida Canyon project and Solitario is monitoring progress at the Florida Canyon…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.69 | $0.51 | +34.6% | $969.5M | 3 |
| Next quarter (ends 2026-12-31) | $0.81 | $0.64 | +26.8% | $1.03B | 2 |
| Current fiscal year (ends 2026-12-31) | $2.80 | $2.93 | -4.3% | $3.76B | 3 |
| Next fiscal year (ends 2027-12-31) | $3.32 | $3.53 | -6.0% | $3.69B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±17.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 69.5% | ±17.6% |
| 2026-12-18 | 56 | 57.9% | ±20.7% |
| 2027-03-19 | 147 | 58.7% | ±33.2% |
| 2027-06-17 | 237 | 65.9% | ±41.5% |