Nexa Resources (NEXA) Moves 6.2% Higher: Will This Strength Last?

Group 1 - Nexa Resources S.A. (NEXA) shares increased by 6.2% to close at $10.74, with a significant trading volume compared to normal sessions, and a total gain of 26.9% over the past four weeks [1][2] - The company announced the sale of its Otavi Project in Namibia to Midnab Resources, with JOGMEC receiving 49% of the sale proceeds, indicating a strategic move to focus on copper exploration in Namibia [2] - Nexa Resources is expected to report quarterly earnings of $0.35 per share, reflecting a year-over-year increase of 135%, with revenues projected at $828.12 million, up 11.8% from the previous year [3][4] Group 2 - The consensus EPS estimate for Nexa Resources has been revised 135.7% higher in the last 30 days, suggesting a positive trend that may lead to further price appreciation [4] - Nexa Resources holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the Zacks Mining - Miscellaneous industry [5] - In the same industry, Reliance (RS) finished the last trading session 0.4% higher, with a 5.9% return over the past month, while its EPS estimate remained unchanged at $2.78, reflecting a year-over-year change of 25.2% [5][6]