Nexa
Operates polymetallic mines and zinc smelters across Peru and Brazil.
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Profile
Produces zinc alongside copper, lead, silver and gold concentrates through an integrated mining-and-smelting platform. Its operations span Peru and Brazil, and Votorantim remains the controlling shareholder.
Puts zinc at the center of a product mix that also includes copper, lead, silver and gold concentrates. Polymetallic mines operate in Peru and Brazil, where their output is paired with a regional zinc-smelting network. That integration separates the company from a pure mine developer or a standalone processor.
Aripuanã, an underground Brazilian mine, has moved from ramp-up to ongoing operations. Investor-relations material frames operating priorities around safety, quality, technology and sustainability.
The business depends on mine execution in Peru and Brazil, continued operation of the smelting network, and the controlling-shareholder relationship with Votorantim.
Company facts
Categories
Key statistics
Year to date +51.8% · Average volume (30d) 691.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Scotiabank | Reiterate | Sector Perform | $14 | $15 | |
| Aug 7, 2026 | Scotiabank | Reiterate | Sector Perform | $14.50 | $14 | |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Equal Weight | $7.70 | $12.50 | |
| Jan 26, 2026 | Scotiabank | Target | $7 | $14.50 | ||
| Dec 15, 2025 | Morgan Stanley | Target | $7.50 | $7.70 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.71 | $0.64 | −10.0% | $906.5M | $907.9M | +0.2% | +1.78% |
| May 6, 2026Q1 FY26 | $0.59 | $0.67 | +13.6% | $885.9M | $888.3M | +0.3% | −16.69% |
| Feb 26, 2026Q4 FY25 | $0.45 | $0.60 | +33.3% | $838.6M | $903.0M | +7.7% | +13.56% |
| Oct 30, 2025Q3 FY25 | $0.11 | −$0.03 | −127.3% | $760.3M | $751.6M | −1.1% | +6.61% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $627.1M | $708.4M | $751.6M | $896.0M | $888.3M | $899.7M | |
| Gross profit | $126.6M | $132.5M | $124.7M | $204.4M | $272.1M | $227.7M | |
| Operating income | $54.0M | $59.9M | $80.5M | $197.8M | $218.1M | $183.8M | |
| Net income | $11.8M | $1.1M | $69.3M | $50.4M | $89.3M | $68.6M | |
| Diluted EPS | $0.09 | $0.01 | $0.52 | $0.38 | $0.67 | $0.52 | |
| Gross margin | 20.2% | 18.7% | 16.6% | 22.8% | 30.6% | 25.3% | |
| Operating margin | 8.6% | 8.5% | 10.7% | 22.1% | 24.5% | 20.4% |
Fiscal years (4-quarter sums)FY21 $2.62B · FY22 $3.03B · FY23 $2.57B · FY24 $2.77B · FY25 $2.98B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $386.8M · Total debt $1.86B · Total assets $5.38B · Shareholders' equity $1.20B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 28, 2026 | Jul 28 | Aug 11 | $0.1321 | special dividend |
| Jun 10, 2025 | Jun 10 | Jun 24 | $0.101 | special dividend |
| Mar 9, 2023 | Mar 10 | Mar 24 | $0.1888 | special dividend |
| Mar 10, 2022 | Mar 11 | Mar 25 | $0.378 | special dividend |
Ownership
Shares outstanding 132.44M · Float 46.78M · 35.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| de Moraes Luis Ermirio · director | 2.36M | 1.78% | Form 4 | Mar 19, 2026 |
| Two Sigma Investments, LP | 1.53M | 1.16% | 13F | May 15, 2026 |
| Sagil Capital LLP | 1.34M | 1.01% | 13F | May 14, 2026 |
| Dimensional Fund Advisors LP | 1.29M | 0.98% | 13F | May 7, 2026 |
| Marshall Wace, LLP | 1.24M | 0.94% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Teck
Integrated zinc rival spanning mining, smelting and refining
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nexa | $13.35 | +0.04% | $1.77B | 6.4 | 4.4 | 0.5 | +28.2% |
| Teck | $69.57 | +0.33% | $33.49B | 19.0 | 21.0 | 3.3 | +70.8% |
| Median | 19.0 | 21.0 | 3.3 | +70.8% |



