Nexa Resources (NEXA)

• Market cap: $1.05B
• 1 day: 1.67%
• 5 days: 2.72%
• 1 month: 0.38%
• 3 months: 32.83%
• 6 months: -0.25%
• Year to date: 13.61%
• 1 year: 38.88%
• 5 years: -4.34%
• 10 years: -54.43%

About: Nexa Resources SA is a low-cost integrated zinc producer. It produces copper, silver, and gold as byproducts. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.

Employees: 5,771

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

115% more call options, than puts

Call options by funds: $28K | Put options by funds: $13K

0.06% less ownership

Funds ownership: 1.2% [Q2] → 1.14% (-0.06%) [Q3]

9% less capital invested

Capital invested by funds: $12.1M [Q2] → $11M (-$1.14M) [Q3]

37% less funds holding

Funds holding: 30 [Q2] → 19 (-11) [Q3]

50% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 8

79% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 14

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $5.75 27% downside
• Avg. target: $5.75 27% downside
• High target: $5.75 27% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

Scotiabank Orest Wowkodaw 33% 1-year accuracy 4 / 12 met price target

27% downside $5.75

Sector Underperform Maintained

4 Nov 2024