Nexa Resources S.A.(NEXA)

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Nexa Achieves 2024 Production and Costs Guidance, Exceeds Copper Production, and Provides 2025-2027 Outlook
Newsfile· 2025-02-06 12:36
Core Viewpoint - Nexa Resources has successfully achieved its 2024 production and cost guidance, with copper production exceeding expectations and a detailed outlook provided for 2025-2027 [1][2]. Production and Sales - Consolidated mining production guidance was met, with zinc, lead, and silver production aligning with annual targets, while copper production reached 36kt, surpassing the upper guidance range [2][4]. - Zinc production totaled 327kt, with Cerro Lindo, El Porvenir, Vazante, and Aripuanã mines achieving their respective production targets [2][4]. - Metal sales reached 591kt, driven by increased production at Cajamarquilla and Juiz de Fora smelters, supported by operational stability and enhanced logistics [5][6]. - Zinc metal sales were 557kt, while zinc oxide sales totaled 35kt, reflecting reduced demand in the pneumatic segment [6][7]. Cost Management - Consolidated run-of-mine mining costs were successfully managed, with cash costs reduced by 65% in October 2024, attributed to operational efficiencies and effective cost management [2][12]. - Smelting conversion costs and cash costs were achieved due to lower operational costs and higher throughput at Cajamarquilla [12][40]. - CAPEX and other operating expenses were significantly below the revised guidance, highlighting the company's commitment to financial discipline [2][3]. Future Guidance (2025-2027) - Zinc production is projected to slightly increase in 2025, with further growth expected in 2026 and 2027, primarily from Aripuanã and El Porvenir [22][24]. - Copper production is anticipated to decline by 10% in 2025, with a slight recovery expected in 2027 [22][28]. - Lead and silver production are forecasted to decrease slightly in 2025, with expectations of stability in subsequent years [22][26]. - Total metal sales are expected to decrease by 3% in 2025, with a projected increase in 2026 [23][30]. Financial Overview - For 2025, CAPEX guidance is set at US$347 million, with a significant portion allocated to sustaining investments [44][45]. - Exploration investments are planned at US$70 million, focusing on mineral exploration and project evaluation [51][52]. - The company aims to enhance operational efficiency through technology investments and community support initiatives [53][54].
Is Nexa Resources (NEXA) Stock Undervalued Right Now?
ZACKS· 2025-01-27 15:41
Core Viewpoint - The article emphasizes the importance of value investing and highlights Nexa Resources (NEXA) as a strong investment opportunity based on its financial metrics and rankings [1][2][6]. Company Metrics - Nexa Resources (NEXA) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is a high-quality value stock [3]. - The stock has a P/E ratio of 7.18, significantly lower than the industry average of 13.40, suggesting it may be undervalued [3]. - NEXA's Forward P/E has fluctuated between 41.29 and -113.19 over the past year, with a median of 13.02 [3]. Growth and Valuation Ratios - NEXA holds a PEG ratio of 0.34, which is lower than the industry average of 0.70, indicating strong earnings growth potential relative to its valuation [4]. - The PEG ratio for NEXA has ranged from 0.42 to 0.11 in the past year, with a median of 0.25 [4]. Cash Flow Analysis - The company has a P/CF ratio of 7.44, which is attractive compared to the industry average of 27.66, suggesting it is undervalued based on cash flow [5]. - NEXA's P/CF has varied from 182.78 to 6.82 over the past year, with a median of 31.92 [5]. Overall Assessment - The combination of these metrics indicates that Nexa Resources is likely undervalued and presents an impressive value investment opportunity at the moment [6].
Nexa Resources Adopts a New Dividend Policy
Newsfile· 2025-01-15 21:26
Nexa Resources Adopts a New Dividend PolicyJanuary 15, 2025 4:26 PM EST | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - January 15, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces today the adoption of a new dividend policy (the "Policy"), effective January 1, 2025.Nexa aims to distribute annual dividends, subject to the availability of distributable amounts as per Luxembourg law. The annual dividend amount will be determined bas ...
NEXA Stock Hits 52-Week High: Is There More Room for Growth?
ZACKS· 2024-12-30 18:46
Shares of Nexa Resources (NEXA) hit a new 52-week high of $8.95 on Friday, before closing slightly lower at $8.75.The NEXA stock has gained 16.2% over the past three months against the miscellaneous mining industry's 16.1% decline and compared with the S&P 500’s 5.2% rise. Meanwhile, the Basic Materials sector has moved down 13.9%.NEXA’s share price performance reflects its upbeat third-quarter fiscal 2024 results, and ongoing efforts to optimize portfolio and improve cash flow and returns.NEXA Stock’s Thre ...
NEXA Completes Sale of Chapi Mine to Enhance Cash Flow & Returns
ZACKS· 2024-12-24 21:01
Nexa Resources S.A. (NEXA) has sold its stake in Minera Pampa de Cobre S.A.C., transferring its rights and interests in the Chapi copper mine to Quilla Resources Peru S.A.C. This move aligns with NEXA’s ongoing portfolio optimization strategy to improve its free cash flow and returns by focusing on its productive mines. Nexa Resources had ceased operations on the Chapi mine in 2013 and had placed it under care and maintenance. The mine had been a financial burden for NEXA due to ongoing maintenance costs. ...
Nexa Resources Announces Closing Transaction of Chapi Mine Sale to Quilla Resources
Newsfile· 2024-12-23 21:45
Transaction Details - Nexa Resources has completed the sale of 100% of the shares of Minera Pampa de Cobre S A C, the owner of the Chapi copper mine, to Quilla Resources Peru S A C [5] - The transaction involved the transfer of all shares, rights, titles, and interests in Chapi to Quilla [2] About Nexa Resources - Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience in developing and operating mining and smelting assets in Latin America [7] - The company owns and operates five long-life mines, three in Peru and two in Brazil, as well as three smelters, including the largest smelter in the Americas located in Lima [7] - Nexa was among the top five producers of mined zinc globally and one of the top five metallic zinc producers worldwide in 2023 [8] About Quilla Resources - Quilla Resources Peru S A C is a privately held Peruvian company focused on acquiring and operating copper-focused mining projects in Peru and the wider region [6] - Quilla intends to restart the Chapi Mine and conduct exploration on the property [6]
Nexa Increases Its Equity Interest in Tinka Resources
Newsfile· 2024-12-17 21:25
Nexa Increases Its Equity Interest in Tinka ResourcesDecember 17, 2024 4:25 PM EST | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - December 17, 2024) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") is pleased to announce that it has entered into an equity subscription agreement effective as of today's date (the "Agreement") with Tinka Resources Limited ("Tinka") (TSXV: TK) (BVL: TK) (OTCQB: TKRFF), as part of a larger non-brokered private plac ...
Nexa Resources Sells Pukaqaqa Project to Improve Cash Flow & Returns
ZACKS· 2024-11-27 16:00
Nexa Resources S.A. (NEXA) has completed the previously announced sale of the Pukaqaqa Project located in the Huancavelica region of Peru. This move aligns with NEXA’s ongoing portfolio optimization strategy to improve its free cash flow and returns.Over the past few years, NEXA has been reviewing its assets and optimizing its portfolio per its disciplined capital allocation plan. In 2022, it announced its decision not to move forward with Pukaqaqa following a close assessment of its portfolio. On Sept. 4, ...
Nexa Resources S.A.(NEXA) - 2024 Q3 - Earnings Call Transcript
2024-11-01 17:37
Nexa Resources S.A. (NYSE:NEXA) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET Company Participants Ignacio Rosado - CEO José Carlos del Valle - CFO Leonardo Coelho - SVP, Mining Operations Rodrigo Cammarosano - Head of IR Conference Call Participants Orest Wowkodaw - Scotiabank Carlos de Alba - Morgan Stanley Lawson Winder - Bank of America Operator Good morning. And welcome to Nexa Resources Third Quarter 2024 Conference Call. All participants will be in listen-only mode [Operator Instructio ...
Nexa Resources S.A. (NEXA) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 23:01
Nexa Resources S.A. (NEXA) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.15, delivering a surprise of -16.67%.Over the last four quarters, the company h ...