NEXA

Nexa Resources has delivered a very strong 1 year share price gain, yet current checks that include an intrinsic value estimate and market multiples still point to the stock trading below what its cash flows and earnings may justify. With a major change in control pending through Boliden AB’s planned acquisition, investors are weighing how this mix of strong recent returns and signals of undervaluation fits together. Over the past year, Nexa Resources has returned 187.8%, which puts recent momentum firmly on the side of existing shareholders while also raising the question of how much upside is left. The agreed US$1.3b deal for Boliden AB to acquire a 64.68% controlling stake, followed by a planned tender offer for remaining shares, can support Nexa Resources’ valuation, while execution and regulatory risks around closing the transaction may limit how quickly that value is realized. On broader checks Nexa Resources presents a mixed picture rather than a clear bargain or clear overvaluation, with a value score of 4 out of 6 and both the Discounted Cash Flow (DCF) intrinsic value estimate and earnings multiples suggesting the shares are below their estimated worth. The issue now is whether Nexa Resources’ current price already reflects the proposed Boliden transaction and recent share price gains, or if there is still a meaningful gap to the intrinsic value implied by its cash flows and earnings power. Compare Nexa Resources’ surge and pending takeover with other potential opportunities by scanning the hand picked 46 high quality undervalued stocks that may still trade below their estimated worth. The Discounted Cash Flow (DCF) model here looks at Nexa Resources through its projected cash flows to shareholders. On the latest figures, Nexa Resources generated about $120.5 million of free cash flow over the last twelve months. Analyst and model projections assume recovering cash flows over the next few years, which supports an estimated intrinsic value of about $16.47 per share. That estimate sits above the current share price, which implies the stock trades at roughly a 15.6% discount to this DCF value and screens as undervalued on cash flows alone. The agreed Boliden deal at $15.29 per share for the controlling stake helps anchor expectations, yet the DCF output still points to additional upside relative to that reference price. The recent acquisition terms give a useful reference point, but the cash flow model suggests Nexa Resources still looks undervalued based on its projected earnings power. Our Discounted Cash Flow (DCF) analysis suggests Nexa Resources is undervalued by 15.6%. Track this in your watchlist or portfolio, or discover 46 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Nexa Resources. The P/E ratio suits Nexa Resources because earnings are a core focus for many investors in the Metals and Mining sector. Nexa Resources currently trades on a P/E of 6.6x, which is well below both the global Metals and Mining average of 21.7x and a peer average of 56.6x. That suggests the stock is priced on a much lower earnings multiple than many comparable companies. A more tailored check that looks at Nexa Resources’ growth profile, profitability, size and risk implies a fair P/E of about 15.5x. Compared with the current 6.6x, the market is applying a heavy discount to those earnings. This gap is consistent with earlier cash flow analysis that indicated value support, even after the agreed Boliden transaction price helped reset expectations around the stock. On the P/E multiple, Nexa Resources appears undervalued, with its current earnings rating sitting well below the indicated fair ratio. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Nexa Resources pick up where the valuation checks stop. They spell out the specific paths for Nexa Resources' growth, margins and earnings that would need to play out for the stock to be worth materially more or less than today's price, and they sit on the company’s Community page. Where a single ratio or model gives one figure, these Narratives describe the future that figure rests on so you can watch how it unfolds over time. Community views on Nexa Resources sit far apart, with some investors focused on cash flow torque and others more worried about execution risk and balance sheet stretch. Bull case: 7% undervalued Read the full Bull Case to see why Nexa Resources could be undervalued Bear case: roughly fairly valued Read the full Bear Case to see why Nexa Resources could be overvalued Do you think there's more to the story for Nexa Resources? Head over to our Community to see what others are saying! Nexa Resources still screens as undervalued on both Discounted Cash Flow (DCF) and earnings multiples, even after the recent move and the agreed Boliden terms. The intrinsic value estimate points to a discount, while the current P/E leaves plenty of gap to the indicated fair ratio. With broader checks sending a mixed rather than emphatic signal, the key question is whether the market is correctly pricing execution and balance sheet risks or being too cautious. The crux for investors is whether future progress is enough to close that valuation gap or if Nexa Resources remains cheap for a reason. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NEXA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Sales Revenue: Grew 2% in constant currency to $2.3 billion. Underlying Net Profit: $322 million, with a net profit margin of 14%. Gross Margin: Declined 3 percentage points to 71%. Operating Expenses: Comparable operating expenses down 1%; reported operating expenses up 5%, including $32 million in restructuring costs and $37 million in STI provisioning. R&D Expenses: Increased 15% to $323 million, representing 14% of sales revenue. Free Cash Flow: More than doubled compared to the prior year. Operating Cash Flow: Improved by $130 million year-over-year. Capital Expenditure: $91 million, primarily at manufacturing plants. Inventory: Cut by $75 million, or 13%, in the second half. Cochlear Implant Systems: Up 5% overall, with revenue flat in constant currency. Developed Markets Cochlear Implant Revenue: Up 1%, with the Nexa System accounting for more than 95% of implant sales by June and an average 3% price increase. US Revenue: Increased 4%. Western Europe Revenue: Declined 8%. Asia Pacific Revenue: Grew 7%. Emerging Markets Revenue: Declined 2%. Services Revenue: Grew 6% in constant currency, with developed markets up 13%. Acoustics Revenue: Grew 1% in constant currency. FY27 Guidance: Low single-digit constant currency revenue growth and underlying net profit between $330 million and $350 million. Is CHEOF fairly valued? Test your thesis with our free DCF calculator. Release Date: August 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cochlear Ltd (CHEOF) successfully launched the Nucleus Nexa System, which was well received and achieved a 3% average price increase, with over 95% adoption in developed markets. The company enabled over 55,000 people to hear for the first time or regain their hearing, and more than 50,000 recipients received a new speech processor, demonstrating strong mission impact. Services revenue grew 6% in constant currency, with developed markets up 13%, driven by the retirement of the Nucleus 7 sound processor and effective marketing of the Nucleus 8. The company is making significant progress on its innovation pipeline, including drug-eluting electrodes and totally implantable cochlear implants, which are expected to drive future growth. Cochlear Ltd (CHEOF) implemented cost management measures that reduced fixed costs by 2 percentage points as a share of revenue, delivering around $40 million in run rate impact from FY27. The company's direct-to-consumer programs and referral pathway initiatives are showing strong growth, with Cochlear-supported surgeries growing 10% in the US despite challenging market conditions. The new Osia 3 Sound Processor has received FDA approval and CE mark, with market-leading features that are expected to help regain market share in Acoustics. Cochlear Ltd (CHEOF) reported sales revenue growth of only 2% in constant currency, below expectations, with underlying net profit of $322 million, reflecting a net profit margin of 14%, below the medium-term target of 18%. Developed market implant revenue grew only 1%, with Western Europe declining 8% due to healthcare system pressures, including NHS waiting lists, industrial action in Spain, and market share loss in Germany. The company faced significant headwinds in the US, including higher insurance delays and broader economic pressures, which made people more hesitant to proceed with surgery, leading to a decline in the self-navigated pathway. Gross margin declined 3 percentage points to 71%, impacted by product mix, manufacturing overhead absorption, and a stronger Australian dollar, with FY27 guidance expecting gross margin to remain flat. Emerging markets revenue declined 2%, with a full year of volume-based pricing in China and an unexpected reduction in reimbursement in special zones, reducing premium segment sales. The company recorded a $109 million fair value loss on investments, mainly driven by a non-write-down of its investment in Epiminder, impacting overall profitability. Cochlear Ltd (CHEOF) expects FY27 revenue growth to remain low single-digit, with modest developed market growth and continued instability in the Middle East, indicating a slow recovery. Q: Dig, the medicalization of hearing loss, I know I get you talk to over what time period do you think these programs can address this issue because it feels like it's come on quite quickly. We haven't spoken I didn't think about the hearing aid channel at all, whereas what you set out is something that's going to take quite some time to deliver a benefit that shareholders would see.A: Diggory Howitt (CEO and President): The medicalization of hearing loss does take some time. We've been working on it for nearly 10 years now, and we expect it to continue to take longer, but it's also a gradual improvement. It's not something that we just work on and all of a sudden it's done and then you see a sort of a rapid increase in the growth rate. The work that we do year on year will improve referrals, but we're also conscious that given our market penetration products of seniors is under 5%, we've got a long way to go before we get there. So it is a long-run program, but it has year-on-year benefits. We haven't mentioned the hearing aid channel, but hearing aid channel referrals remain important for us. Our referrals from the hearing aid channel in the US, for example, were flat on year when we look at '26 versus '25. What we're doing with the work in what we're calling that self-navigate channel is to expand beyond just hearing age and actually get into the medical channel, where we're already seeing referrals come through. The examples I gave show that when we do intervene in that medical channel and we do educate, we do see an increase in referrals and it's the right time in terms of our development and the execution of our strategy to be expanding that presence in the medical channel and getting those more medicalized referrals. Q: At the trading update we heard a lot about the market not growing, particularly the US market. I think Western Europe had some explanation with UK, Spain, et cetera. But if I could get you to focus a little on the US and what you think the dynamics are that are causing market growth to be so slow? And what should we as investors and outside the company be looking for as signals that things are starting to improve?A: Diggory Howitt (CEO and President): In the US, where we are working through our direct-to-consumer activities or the work we're doing in cycle, we're seeing growth in referrals. We're seeing growth in surgeries. Clinics that have established referral networks continue to grow. Where the growth didn't come was in the other parts of the -- in that self navigator channel where there's always been an underlying level of market growth that didn't occur this year, actually declined slightly. What we see going on there is a couple of things. One is the insurance preauthorization denials, which are leading to delays in surgery. And we continue to hear from clinics that sentiment broadly macroeconomic conditions is having some people more hesitant to go through the surgery. Clearly, not all because there's lots of surgery still happening, but it's been enough to take the edge off that growth. When we intervene, we're able to provide people with information on will this be covered by insurance, what were the level of out of pockets be? In that self never go part of the way, people used to paying $5,000 for a pair of high-powered hearing aids assume this is going to cost more. And without getting a strong referral in getting that information, they're more likely to pull out along the way. Q: Just -- you've talked a lot about the volumes and so on, but I wondered where you sort of see the opportunity to get price? I think you sort of talked about China, you've taken price and then just you had some plans there. And I guess, finally, if it's -- if you're not getting it back through Nexa can you get back -- can you get price up with TICI?A: Diggory Howitt (CEO and President): We did get average price increase about 3% with Nexa, which was good to see. One of the things we were doing with Nexa is testing our ability to get a price increase. We hadn't gotten to put a price increase through at this level for quite a long time. As we look forward with TICI, we are thinking very carefully about the commercial strategy, about the pricing that we'd like to achieve, about how we realized growth with TICI. We're certainly seeing from our market research and the clinical studies. There's a lot of interest in TICI. Interestingly, from market research, we're seeing it's potentially a different patient cohort to we're getting now. It's an extra patient cohort. So we've got -- we're building a commercial strategy that looks at how do we drive growth, how do we work within the reimbursement parameters that they have around the world, what's the right level of pricing and lifetime value that we can get. Q: Dig, maybe just a comment that you've made on the US market about insurers pushing back, initiating sort of more prior authorizations. I guess what's within your control sort of help with that dynamic and some changes that you've put through to address?A: Diggory Howitt (CEO and President): We're certainly seeing that pushback. When someone is getting an upgrade, we're often managing the insurance processing part for them. Where they're getting an implant, the vast majority of those authorization -- pre-authorizations are sought by the hospital. So it's actually then up to the hospital to -- if they get a denial to appeal because most times when there's an appeal, that denial gets overturned. So we don't have a direct role in that. If it's a candidate we're working with, like through our DTC and we see that, then we can talk to the clinic without getting the clinic to appeal. If it's from that other side, then you don't get the visibility. But I think what we'll see there is these denials are not just Cochlear implants, obviously, it's across a whole range of surgery areas. The primary impact of these denials is actually on hospitals, not hospital revenue. And that's where we think the hospital is actually going to take the lead here and lift their work in terms of challenging, appealing the denial and seeing that over time. It's exactly the response we had when two years ago, we saw insurers pushing back harder on replacement processes. We lifted our game on the documentation we've provided to insurers. We appealed when there were denials in place, and you saw the result with stronger growth in Services. Q: There's [constant] talks to the developed market implant growth. And so the revenue is expected to grow modestly. From the release, though, it looks like you've got a price increase on average of 3% from Nexa. Most For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Nexa Resources S.A.? Here are five stocks we like better. Strong second-quarter results: Adjusted EBITDA rose 78% year over year to $286 million, while revenue increased 28% to $908 million, driven by higher metal prices, recovering Peruvian mining operations and improved Brazilian smelter performance. Mining momentum improved: Zinc production increased 8% year over year, with Aripuanã treated ore up 33% and zinc output up 44% after commissioning a fourth tailings filter. Management expects further production gains as the plant approaches nameplate capacity. Balance sheet strengthened despite near-term pressures: Net leverage fell to 1.4 times, but free cash flow was negative $10 million after a $131 million Peruvian tax-settlement payment, while Cajamarquilla fire-related disruptions pushed smelting costs above guidance. Nexa maintained its full-year production, capital-spending and smelting-sales outlooks. Nexa Resources (NYSE:NEXA) reported second-quarter 2026 adjusted EBITDA of $286 million, up 78% from a year earlier, as higher metal prices, a recovery in Peruvian mining operations and improved Brazilian smelter performance lifted results. Net income was $98 million, or $0.52 per share, while net revenue rose 28% year over year to $908 million. Chief Executive Officer Ignacio Rosado said the company’s adjusted EBITDA margin reached about 31%, supported by a favorable pricing environment across its metal portfolio. Silver prices averaged 117% higher than in the second quarter of 2025, according to the company, while zinc and copper prices also contributed to revenue and byproduct credits. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Net leverage declined to 1.4 times at quarter-end, from 1.59 times in the preceding quarter and 2.28 times a year earlier. Chief Financial Officer José Carlos del Valle said the improvement reflected trailing 12-month adjusted EBITDA exceeding $1 billion. The company is targeting net leverage close to 1 times by year-end while maintaining its investment-grade rating. Mining zinc production totaled 79,000 tonnes during the quarter, an 8% year-over-year increase driven by higher ore grades at key operations. Sequential production was broadly flat, as recovering Peruvian operations offset temporary lower grades, the commissioning of a new tailings filter and scheduled maintenance at Aripuanã. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Mining net revenue was $524 million, and adjusted EBITDA was $220 million, representing a 42% margin. Cash costs net of byproducts were $0.04 per pound in the second quarter and negative $0.35 per pound for the first half, below the company’s 2026 guidance range. Nexa attributed the first-half result to stronger copper, silver and gold byproduct credits and lower treatment charges. At Aripuanã, treated ore increased 33% year over year to 399,000 tonnes and zinc output climbed 44% to 8,800 tonnes. The company commissioned its fourth tailings filter during the quarter, a project intended to remove a production bottleneck and reduce exposure to weather-related disruptions during Brazil’s rainy season. → No Hangover: Revisiting Microsoft One Week After Earnings The new filter processed more than 50,000 tonnes of tailings and supported average plant feed rates of 249 tonnes per hour in June, or more than 86% utilization, according to Rosado. Peak daily rates exceeded 92%, although average utilization for the full quarter was 71%. Management said the operation is approaching nameplate capacity and expects a further production increase in the second half as the plant is adjusted to the higher throughput. Nexa also implemented block caving at Cerro Lindo, which Rosado said should over time lower unit costs and improve access to higher-grade areas. Smelting zinc metal and oxide sales totaled 134,000 tonnes, down 7% from a year earlier and 8% sequentially. The declines primarily reflected a May fire at the Cajamarquilla smelter’s casting house. Nexa said upstream processing was not affected and that it continued producing cathodes while restoration work proceeded. Operations returned to normal levels in June, and management expects cathode inventory built during the disruption to support recovery of affected sales volumes in the second half. Nexa maintained its full-year smelting sales guidance. Smelting net revenue reached $584 million and adjusted EBITDA rose 162% year over year to $66 million, despite lower sales volumes. The company cited lower raw-material costs, including consumption of lower-cost calcine inventory, a higher share of concentrate from its own mines and increased byproduct contributions. Smelting cash costs net of byproducts were $1.44 per pound in the quarter and $1.42 per pound for the first half, above the high end of annual guidance. Conversion cost of $0.36 per pound in the quarter was also slightly above guidance. Rosado attributed the higher costs to lower throughput following the fire, higher zinc prices affecting raw-material costs, and the appreciation of the Brazilian real. He said the company expects conversion costs to move back toward guidance as Cajamarquilla volumes recover. Free cash flow was negative $10 million in the quarter, largely because of a $131 million payment related to a tax settlement in Peru concerning the Cerro Lindo Stability Agreement. Del Valle said the payment was required to preserve Nexa’s right to continue disputing the matter in Peru’s judicial system and did not constitute acceptance of the tax authority’s position. Excluding the payment, free cash flow would have been positive $120 million, he said. Capital expenditures totaled $89 million in the quarter and $160 million in the first half. Nexa maintained its full-year capital expenditure guidance of $381 million and its exploration and project-evaluation guidance of $86 million. The company reviewed the long-term configuration of its Cerro de Pasco Integration Project and now expects the Atacocha open pit to remain in operation longer than initially planned. As a result, Nexa deferred Phase 2 to 2032 and said it can spread capital expenditures over a longer period without reducing expected complex production. Total estimated investment for the project increased to $180 million from $138 million, mainly due to a geomembrane lining at the Atacocha tailings facility, engineering updates and accelerating a tailings storage facility raise. The company’s 2026 project spending guidance remains $31 million, with incremental investment allocated to 2027 and later. Management said it remains confident in its unchanged production guidance, while acknowledging that a potentially strong El Niño could affect transportation and infrastructure in Peru. Rosado said Nexa has prepared mitigation measures but noted that some factors are outside the company’s control. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Nexa Resources Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Nexa Resources S.A. NEXA used its Q2 earnings call to frame the second half around operational recovery. Management kept 2026 production, smelting sales and cost guidance unchanged despite execution and weather risks. Adjusted EPS of $0.64 missed the Zacks Consensus Estimate of $0.73, while revenue of $907.94 million fell short of the $935 million consensus. Adjusted EBITDA rose 78% year over year to $286 million. Nexa Resources S.A. price-consensus-eps-surprise-chart | Nexa Resources S.A. Quote President and CEO Ignacio Rosado said first-quarter constraints in Peru are behind the company. He expects Aripuana and Cajamarquilla to support stronger second-half volumes. A Citi analyst asked whether weaker first-half output pointed to the low end of full-year ranges. Head of Treasury and Investor Relations Rodrigo Cammarosano said production should rise, but he would not commit to the midpoint. Rosado also addressed expected El Nino effects in Peru. He said Nexa has mitigation measures and does not expect a large 2026 impact under current projections, while national infrastructure remains outside its control. A Morgan Stanley analyst asked how Aripuana should run after the fourth tailings filter. Cammarosano said throughput has reached about 260 tons per hour, close to nameplate capacity. Rosado said plant adjustments should take two to three months before full capacity is reached. He sees no significant remaining bottleneck and expects materially more cash flow toward year-end and in 2027. Rosado also highlighted Cerro Lindo's new block-caving method, which management expects to lower unit costs and improve access to higher-grade copper areas. The silver streaming share fell from 65% to 25% effective in May, increasing spot-price exposure. BofA Securities pressed management on smelter conversion costs running above guidance. Rosado blamed Cajamarquilla's fire-related volume loss and Brazilian real strength, which raises dollar-reported costs. First-half conversion cost was $0.35 per pound versus the $0.31-$0.34 guidance. Nexa expects recovering volumes and cost controls to bring full-year conversion cost back within range. Cash cost was $1.42 per pound, above the $1.15-$1.34 range, mainly because zinc prices exceeded the guidance assumption. The company said sustained current metal prices would keep pressure on cash cost and prompt reassessment. Group CFO and senior VP of Finance José del Valle Castro said gross debt reduction remains the first capital-allocation priority. Net leverage ended Q2 at 1.40x, with management targeting roughly 1x by year-end. Castro said cash above dividend-policy needs will go toward debt repayment. He stressed that EBITDA can move with commodity prices, reinforcing the focus on gross debt. When BofA Securities asked about M&A, Rosado said a transformational $800 million to $1 billion acquisition is not feasible with the current balance sheet. He expects larger acquisition capacity to align with deleveraging over the next three to four years. Rosado said the Cerro Pasco review favors longer Atacocha open-pit production and defers Phase 2 to 2032. Management said the sequence preserves expected long-term production while spreading capital over more years. Estimated project capex rose from $138 million to $180 million, mainly from a geomembrane lining, engineering updates and an earlier tailings-facility raise. The 2026 project budget remains $31 million. Castro said total 2026 capex guidance remains $381 million after $160 million was spent in the first half. Q2 free cash flow was negative $10 million after a $131 million Peruvian tax settlement; excluding it, free cash flow would have been positive $120 million. Rosado's closing message centered on converting repaired operations and new capacity into production. He emphasized Aripuana, recovered Peruvian output, Cajamarquilla normalization and cost discipline over near-term M&A. Management remained confident on the second-half ramp but measured on external risks and guidance outcomes. Production growth, smelter normalization and debt reduction remain its priorities for the rest of 2026. NEXA carries a Zacks Rank #3 (Hold), a more neutral near-term signal than the top-ranked #1 (Strong Buy) or #2 (Buy) categories. Its Value, Growth, Momentum and VGM Scores are all A, the highest grade in the framework. You can see the complete list of today’s Zacks #1 Rank stocks here. Zacks positions Style Scores as complements to the Rank, with A or B scores generally more favorable. The Rank can change as analysts revise estimates after the just-reported results, so the current signal is not fixed. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nexa Resources S.A. (NEXA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Nexa Resources S.A. (NEXA) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -12.33%. A quarter ago, it was expected that this company would post earnings of $0.59 per share when it actually produced earnings of $0.67, delivering a surprise of +13.56%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Nexa Resources, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $907.94 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.9%. This compares to year-ago revenues of $708.42 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Nexa Resources shares have added about 52.5% since the beginning of the year versus the S&P 500's gain of 13%. While Nexa Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Nexa Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.93 on $940.88 million in revenues for the coming quarter and $2.70 on $3.66 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Wheaton Precious Metals Corp. (WPM), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This company is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +79.4%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level. Wheaton Precious Metals Corp.'s revenues are expected to be $876.78 million, up 74.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nexa Resources S.A. (NEXA) : Free Stock Analysis Report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Nexa Resources S.A. NEXA is scheduled to report second-quarter 2026 results after the closing bell on Aug. 5. NEXA is expected to deliver a year-over-year improvement in earnings in the quarter, aided by a strong pricing environment and higher production numbers.The Zacks Consensus Estimate for second-quarter total sales is pegged at $935 million, suggesting an improvement of 32% from the prior-year quarter’s actual. The consensus mark for earnings has moved up 30.4% to 73 cents per share, which indicates a year-over-year upsurge of 563.6%. Image Source: Zacks Investment Research Over the trailing four quarters, Nexa Resources’ earnings beat the Zacks Consensus Estimate thrice and missed the same in the remaining quarter. NEXA has an average trailing four-quarter earnings surprise of 59.9%. The trend is shown in the chart below. Image Source: Zacks Investment Research Our proven model does not conclusively predict an earnings beat for Nexa Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.You can uncover the best stocks before they are reported with our Earnings ESP Filter.Earnings ESP: The Earnings ESP for Nexa Resources is 0.00%.Zacks Rank: NEXA currently sports a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. NEXA’s first-quarter 2026 performance is likely to have reflected a strong pricing environment. Through the quarter, copper prices averaged $6.19 per pound, suggesting 31% year-over-year growth. Silver and gold jumped 118.7% and 37.4% year over year, respectively. Lead prices inched up 0.2%.Along with NEXA, the rise in metal prices is also aiding its peers Hudbay Minerals Inc. HBM  and Anglo American plc. NGLOY.On the production front, zinc output is expected to remain a key growth driver following 79 kt production in the first quarter, up 18% year over year, driven by record quarterly production at the Aripuanã mine.In late May, the company announced that it was gradually resuming production at its Cajamarquilla smelter in Peru, which was temporarily suspended following a fire on May 13. Nexa Resources expects a production impact of 7,000 tons of refined zinc, indicating 2% of annual production due to the temporary production halt at Cajamarquilla. However, the company expects to recover the lost production in the second half of 2026.Nexa Resources’ 2026 guidance points to a 6% year-over-year increase in consolidated zinc production, primarily driven by higher output from Aripuanã, Atacocha and Vazante, partially offset by lower volumes at Cerro Lindo and El Porvenir due to mine sequencing. This is expected to have impacted the second-quarter zinc production as well.  After a 16% decline in the first quarter of 2026, copper production is expected to decline 17% in 2026, mainly reflecting the planned mining of lower-grade zones. Lead production in 2026 is expected to be broadly stable compared with 2025. Silver production was down 3% year over year in the first quarter. Silver production is projected to decline 3% in 2026.At the midpoint of the 2026 guidance, total metal sales volumes are expected to increase 3% from the 2025 actual, reflecting a partial recovery from the lower 2025 base, which was impacted by operational challenges at the Brazilian smelters and low Treatment Charges. Cost dynamics are likely to have presented some headwinds. Nexa Resources expects a 4% increase in consolidated run-of-mine costs in 2026, driven by higher costs at Vazante, Cerro Lindo and El Porvenir at the mid-point, attributed to lower treated ore volumes, higher energy costs and unfavorable foreign currency variations. These increases are expected to have been partially offset by reductions at Aripuanã and Atacocha, reflecting efficiency gains and lower variable costs. In 2026, consolidated conversion costs are forecast to remain at similar levels to 2025.Overall, Nexa Resources’ second-quarter 2026 performance is likely to have been shaped by a favorable pricing environment, strong zinc production and improving smelting operations, partially offset by weaker copper volumes and modest cost inflation. Nexa Resources stock has rocketed 171.2% in a year, outperforming the Zacks Mining - Miscellaneous industry’s 39.1% jump. Meanwhile, the Basic Materials sector has risen 27.5% and the S&P 500 has rallied 22.7%. Image Source: Zacks Investment ResearchThe company also outperformed its peers like Hudbay Minerals and Anglo American, which have soared 146.3% and 83.3%, respectively, in the same time frame. Image Source: Zacks Investment Research Nexa Resources’ stock is currently trading at a forward 12-month earnings multiple of 4.33X, which is a discount to the industry average of 14.69X. Image Source: Zacks Investment Research Meanwhile, Hudbay Minerals and Anglo American are trading higher at 13.03X and 17.95X, respectively. NEXA is focused on optimizing its portfolio to concentrate its efforts on its core operations. In sync with this, the company completed the divestment of its Otavi and Namibia North project in late 2025.Nexa Resources is executing its long-term strategy to replace and expand its mineral reserves and resources. The efforts have already extended current life-of-mine plans across its portfolio, pushing Aripuanã’s life to 2041 and El Porvenir to 2036. NEXA is currently executing Phase I of its Cerro Pasco Integration Project, which is an operational initiative to physically link El Porvenir and Atacocha underground mines. The integration will extend the life of mine at the Cerro Pasco Complex more than 15 years while boosting the operating cash flow. Nexa Resources is poised to benefit from the current increase in metal prices and higher production expectations. The company’s ongoing exploration and investment strategies will further aid growth. While its appealing valuation makes the stock attractive, cost inflation and lower copper volumes suggest caution for new investors. Existing shareholders should stay invested in the NEXA stock to benefit from its solid long-term growth prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nexa Resources S.A. (NEXA) : Free Stock Analysis Report HudBay Minerals Inc (HBM) : Free Stock Analysis Report Anglo American (NGLOY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects MP Materials Corp. (MP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +115.4%. Revenues are expected to be $99.95 million, up 74.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 650% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For MP Materials, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -100.00%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that MP Materials will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that MP Materials would post a loss of$0.01 per share when it actually produced earnings of $0.03, delivering a surprise of +400.00%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. MP Materials doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Nexa Resources S.A. (NEXA), another stock in the Zacks Mining - Miscellaneous industry, is expected to report earnings per share of $0.73 for the quarter ended June 2026. This estimate points to a year-over-year change of +563.6%. Revenues for the quarter are expected to be $935.05 million, up 32% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Nexa Resources has been revised 6.1% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Nexa Resources will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MP Materials Corp. (MP) : Free Stock Analysis Report Nexa Resources S.A. (NEXA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Nexa Resources S.A. (NEXA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +563.6%. Revenues are expected to be $935.05 million, up 32% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 6.06% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Nexa Resources, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Nexa Resources will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Nexa Resources would post earnings of $0.59 per share when it actually produced earnings of $0.67, delivering a surprise of +13.56%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Nexa Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Mining - Miscellaneous industry, Materion (MTRN), is soon expected to post earnings of $1.55 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +13.1%. This quarter's revenue is expected to be $548.13 million, up 27% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Materion has been revised 0.6% up to the current level. Nevertheless, the company now has an Earnings ESP of +5.39%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Materion will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nexa Resources S.A. (NEXA) : Free Stock Analysis Report Materion Corporation (MTRN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Brownfield Drilling Advances Priority Targets at Vazante and El Porvenir Luxembourg, Luxembourg--(Newsfile Corp. - July 28, 2026) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa", or the "Company") is pleased to announce its drilling and assay results for the first half of 2026. This document contains forward-looking statements. Highlights Vazante - Conexão Sucuri Norte target: 5.1 meters at 13.93% Zn, 0.26% Pb, and 9.09 g/t Ag in drill hole BRBVZEND000107 from 454.2 meters. El Porvenir - Integración target: 64.7 meters at 6.33% Zn, 2.71% Pb, 0.09% Cu, 502.08 g/t Ag, and 0.30 g/t Au, including 19.0 meters at 12.39% Zn, 4.39% Pb, 0.12% Cu, 494.11 g/t Ag, and 0.49 g/t Au in drill hole PEEPD03147 from 526.8 meters. Summary Nexa's 2026 drilling strategy remains focused on three key areas: near-mine expansion, Mineral Resource growth through brownfield and infill drilling, and the advancement of greenfield exploration. In 1H26, total drilling amounted to 123,455 meters, comprising 99,116 meters of infill drilling and 24,339 meters of exploration drilling. Exploration drilling comprised 19,654 meters in Peru (using 9 rigs) and 4,685 meters in Brazil (using 3 rigs), of which 8,399 meters were dedicated to early-stage greenfield projects. Exploration drilling focused on testing new targets and expanding known mineralization, while infill drilling aimed to increase geological confidence within existing orebodies. For the second half of 2026, Nexa plans to execute 40,490 meters of exploration drilling, comprising 24,440 meters in Peru (with ten rigs) and 16,050 meters in Brazil (with six rigs), up from the 24,339 meters completed in the first half of the year, with increased activity in Brazil. As previously disclosed, Nexa revised its 2026 exploration drilling program to 66,805 meters, up 12% from the original plan of 59,870 meters, reflecting encouraging results and updated technical priorities. The additional drilling, concentrated at Namibia and the Cerro Pasco Complex, is being executed within the Company's 2026 mineral exploration and project evaluation guidance, which remains unchanged. Commenting on the results, Jones Belther, Senior Vice President of Technical Services & Business Development, stated: "Nexa's exploration activities in the first half of 2026 delivered encouraging results across our core operating districts while continuing to build a diversified pipeline of future growth opportunities. Brownfield drilling at El Porvenir and Vazante returned positive results and further enhanced our understanding of these mineralized systems, supporting the potential for future Mineral Resource growth and mine-life extension. Across the broader portfolio, our geological, geophysical and target generation programs advanced priority targets and deepened our understanding of key mineral systems, supporting the identification of new opportunities for future drilling campaigns. Our exploration strategy remains focused on disciplined Mineral Resource growth, efficient capital allocation, and the generation of long-term value through a high-quality and diversified portfolio." For a full version of this document, please go to our Investor Relations website at: https://ri.nexaresources.com/. About Nexa Nexa is a large-scale, low-cost, integrated polymetallic producer, with zinc as our main product. We have over 65 years of experience developing and operating mining and smelting assets in Latin America. We currently own and operate five polymetallic mines - four long-life underground (two in the Central Andes region of Peru and two in Brazil, in the states of Minas Gerais and Mato Grosso) and one open-pit mine in the Central Andes region of Peru. We also own and operate three zinc smelters - two in the state of Minas Gerais, Brazil (Três Marias and Juiz de Fora), and one in Lima, Peru (Cajamarquilla), which is the largest zinc smelter in the Americas. Cautionary Statement on Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as forward-looking information within the meaning of applicable Canadian securities legislation, including National Instrument 51-102 (collectively, "forward looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe", "will", "may", "would", "could", "should", "estimate", "continues", "anticipates", "intends", "plans", "expects", "budget", "scheduled", "forecasts," "targets", "outlook", "guidance", "potential", "project" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These factors include, among others, volatility in zinc, copper, lead, silver and gold prices, by-product credits and treatment charges; exchange rate fluctuations, particularly in the Brazilian real and Peruvian sol against the U.S. dollar; availability and cost of critical inputs, including energy, transportation and labor; operational and health, safety and engineering risks inherent to underground and open-pit mining and zinc smelting, including process safety events, equipment failures and fires at smelting facilities; tailings storage facility integrity and management; community opposition, social license disruptions and blockades affecting access to our operations; labor disputes and relations with our workforce and with local communities; cybersecurity incidents and disruptions to information technology systems; execution risk on capital projects, and the risk that capital projects are not completed within expected timelines or budgets; political, regulatory, fiscal and institutional developments in Peru, Brazil and Luxembourg, and broader geopolitical developments, including trade restrictions, tariff changes and policy shifts affecting cross-border commerce, supply chains and capital markets; permitting, environmental regulation, and changes in mining legislation, taxation or government policies; physical climate risk, including the increasing severity and frequency of weather events, and transition risks associated with the global energy transition and decarbonization, including the risk of failing to meet announced sustainability and emissions targets; outbreaks of contagious or infectious diseases, pandemics, or other public health crises; the activities of competitors and global and regional economic conditions; and risks relating to ongoing or future regulatory matters or investigations involving the Company, its operations or customers, and any related impacts on our financial statements. The occurrence of one or more of these factors may materially impact our results of operations and the assumptions underlying our forward-looking statements. Certain forward-looking statements are based on third-party data and market forecasts, which may not be accurate or current. Nexa does not guarantee such external data and assumes no obligation to update it except as required by law. Material factors and assumptions on which our forward-looking statements are based include, among others: that demand for our products develops as expected; that customers and counterparties perform their contractual obligations; that operations are not disrupted by mechanical failures, supply constraints, labor disturbances, transportation or utility interruptions or adverse weather; that capital projects are executed within expected timelines and budgets; and that there are no material adverse variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, nor material differences between estimated mineral reserves and mineral resources and actual recovered amounts, beyond those reflected in any specific assumptions disclosed in the materials accompanying this document. Forward-looking statements speak only as of the date on which they are made, and Nexa undertakes no obligation to update or revise any forward-looking statement, except as required by applicable law. Further information regarding risks and uncertainties associated with these forward-looking statements, and the assumptions, parameters and methods used to estimate our mineral reserves and mineral resources under National Instruments 43-101, can be found in Nexa's annual report on Form 20-F and in other public disclosures available on the Company's website and filed with the SEC on EDGAR (www.sec.gov), with the Canadian Securities Administrators on SEDAR+ (www.sedarplus.ca). For further information, please contact:Investor Relations [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306958

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Nexa Resources stock has delivered a strong 177.0% return over the past three years, yet its valuation checks send mixed signals, with the Discounted Cash Flow (DCF) intrinsic value pointing to a premium while market multiples lean the other way. Over the past three years, Nexa Resources is up 177.0%, which puts recent short term pullbacks into the context of a strong multi year run. For a capital intensive miner like Nexa Resources, investors often focus on how reliably cash flow can cover ongoing investment and debt. Any pressure on commodity prices or operating costs can quickly change what looks affordable for the balance sheet. With a mixed valuation score of 3 out of 6 checks, Nexa Resources screens as a company that is neither a clear bargain nor clearly expensive on the broader tests, as you can see in the 3/6 score breakdown. The issue now is whether the current price already reflects Nexa Resources' intrinsic value, or if the split between the DCF and market multiple signals still leaves room for a different outcome. Nexa Resources delivered 142.8% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry. The Discounted Cash Flow (DCF) model looks at what Nexa Resources might generate in future cash and brings those amounts back to today. For Nexa Resources, the latest twelve month free cash flow is around $133.1 million, with the model using a broadly declining cash flow profile over time rather than assuming aggressive growth. Based on those assumptions, the DCF model arrives at an estimated intrinsic value of about $8.62 per share. Compared with the current share price, this suggests the stock trades at roughly a 39.4% premium to the model’s estimate, indicating that the market is assigning a higher value to Nexa Resources than these cash flow projections alone would support. On this DCF view, Nexa Resources currently screens as overvalued relative to its modelled cash flows. Our Discounted Cash Flow (DCF) analysis suggests Nexa Resources may be overvalued by 39.4%. Discover 45 high quality undervalued stocks or create your own screener to find better value opportunities. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Nexa Resources. P/E is often a straightforward way to look at Nexa Resources because earnings are a key reference point for a mature, capital intensive miner. Nexa Resources currently trades on a P/E of about 7.6x, compared with an industry average of roughly 16.6x for Metals and Mining companies and a peer average near 66.9x. On simple comparisons, the stock sits well below both its direct peers and the wider sector. A more tailored yardstick is the modelled fair P/E ratio of about 19.0x, which reflects what investors might typically pay for Nexa Resources given its profile and risk. Set against this, the current 7.6x multiple is materially lower than the fair ratio. This points to a sizeable gap between what the market is paying for Nexa Resources earnings today and what the model suggests could be reasonable. On the P/E measure, Nexa Resources stock currently appears undervalued relative to both industry benchmarks and the modelled fair multiple. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Nexa Resources pick up where this valuation puzzle leaves off by spelling out which future paths for Nexa Resources' growth, margins and earnings would line up with a higher or lower stock price than today, and they sit on the company’s Community page. Each narrative ties its number to a concrete view of how growth, profitability and risk might evolve, giving you a reference point to revisit as fresh data comes through. The Nexa Resources community is split between those who see a compressed valuation with improving operations and those who think current expectations already look stretched. Bull case: 20% undervalued Read the full Bull Case to see why Nexa Resources could be undervalued Bear case: 140% overvalued Read the full Bear Case to see why Nexa Resources could be overvalued Do you think there's more to the story for Nexa Resources? Head over to our Community to see what others are saying! For Nexa Resources, the Discounted Cash Flow (DCF) view points to a stock that already prices in more value than its modelled cash flows, while the earnings multiple view frames the shares as undervalued against both peers and a fair P/E estimate. That gap largely comes down to whether you focus on the timing and funding of future cash flows, or on what investors are currently willing to pay for its earnings. With broader checks sitting in the middle, the crux from here is whether Nexa Resources can convert its capital intensive model into steady, repeatable cash generation that justifies a stronger multiple without stretching the balance sheet. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NEXA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Luxembourg, Luxembourg--(Newsfile Corp. - June 25, 2026) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces that the Annual General Meeting of the Shareholders and the Extraordinary General Meeting of the Shareholders were successfully held today at its registered office. A total of 93,445,211 shares were voted at the Annual General Meeting of the Shareholders and at the Extraordinary General Meeting of the Shareholders, representing 70.56% of the overall votes attached to outstanding shares. Shareholders voted in favor of all proposed resolutions, as follows: Mentioned percentages do not consider abstention votes, excluded from the calculation of votes cast. Following the votes, the Annual General Meeting approved a share premium reimbursement to each shareholder of the Company amounting to approximately US$17.5 million in total, on a pro rata basis of approximately US$0.132136 per common share. The reimbursement is anticipated to be paid on August 11, 2026, to shareholders of record as of July 28, 2026. Detailed voting results are also available on EDGAR www.sec.gov and SEDAR+ www.sedar.ca. About Nexa Nexa is a large-scale, low-cost, integrated polymetallic producer, with zinc as our main product. We have over 65 years of experience developing and operating mining and smelting assets in Latin America. We currently own and operate five polymetallic mines - four long-life underground (two in the Central Andes region of Peru and two in Brazil, in the states of Minas Gerais and Mato Grosso) and one open-pit mine in the Central Andes region of Peru. We also own and operate three zinc smelters - two in the state of Minas Gerais, Brazil (Três Marias and Juiz de Fora), and one in Lima, Peru (Cajamarquilla), which is the largest zinc smelter in the Americas. Cautionary Statement on Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as forward-looking information within the meaning of applicable Canadian securities legislation, including National Instrument 51-102 (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "would," "could", "should", "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts", "targets", outlook", "guidance", "potential", "project", and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These factors include, among others, volatility in zinc, copper, lead, silver and gold prices, by-product credits and treatment charges; exchange rate fluctuations, particularly in the Brazilian real and Peruvian sol against the U.S. dollar; availability and cost of critical inputs, including energy, transportation and labor; operational and health, safety and engineering risks inherent to underground and open-pit mining and zinc smelting, including process safety events, equipment failures and fires at smelting facilities; tailings storage facility integrity and management; community opposition, social license disruptions and blockades affecting access to our operations; labor disputes and relations with our workforce and with local communities; cybersecurity incidents and disruptions to information technology systems; execution risk on capital projects, and the risk that capital projects are not completed within expected timelines or budgets; political, regulatory, fiscal and institutional developments in Peru, Brazil and Luxembourg, and broader geopolitical developments, including trade restrictions, tariff changes and policy shifts affecting cross-border commerce, supply chains and capital markets; permitting, environmental regulation, and changes in mining legislation, taxation or government policies; physical climate risk, including the increasing severity and frequency of weather events, and transition risks associated with the global energy transition and decarbonization, including the risk of failing to meet announced sustainability and emissions targets; outbreaks of contagious or infectious diseases, pandemics, or other public health crises; the activities of competitors and global and regional economic conditions; and risks relating to ongoing or future regulatory matters or investigations involving the Company, its operations or customers, and any related impacts on our financial statements. The occurrence of one or more of these factors may materially impact our results of operations and the assumptions underlying our forward-looking statements. Certain forward-looking statements are based on third-party data and market forecasts, which may not be accurate or current. Nexa does not guarantee such external data and assumes no obligation to update it except as required by law. Material factors and assumptions on which our forward-looking statements are based include, among others: that demand for our products develops as expected; that customers and counterparties perform their contractual obligations; that operations are not disrupted by mechanical failures, supply constraints, labor disturbances, transportation or utility interruptions or adverse weather; that capital projects are executed within expected timelines and budgets; and that there are no material adverse variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, nor material differences between estimated mineral reserves and mineral resources and actual recovered amounts, beyond those reflected in any specific assumptions disclosed in the materials accompanying this document. Forward-looking statements speak only as of the date on which they are made, and Nexa undertakes no obligation to update or revise any forward-looking statement, except as required by applicable law. Further information regarding risks and uncertainties associated with these forward-looking statements, and the assumptions, parameters and methods used to estimate our mineral reserves and mineral resources under National Instruments 43-101, can be found in Nexa's annual report on Form 20-F and in other public disclosures available on our website and filed with the SEC on EDGAR (www.sec.gov), with the Canadian Securities Administrators on SEDAR+ (www.sedarplus.ca). For further information, please contact: Investor Relations [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302918