NEXA Stock Hits 52-Week High: Is There More Room for Growth?

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 ...