Nexa Resources (NEXA) Stock Forecast, Price Target & Predictions
NEXA Stock Forecast
Nexa Resources stock forecast is as follows: an average price target of $6.83 (represents a 4.12% upside from NEXA’s last price of $6.56) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
NEXA Price Target
The average price target for Nexa Resources (NEXA) is $6.83 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $7.50 to $6.00. This represents a potential 4.12% upside from NEXA's last price of $6.56.
NEXA Analyst Ratings
According to 2 Wall Street analysts, Nexa Resources's rating consensus is 'Hold'. The analyst rating breakdown for NEXA stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (50.00%), 1 'Sell' (50.00%), and 0 'Strong Sell' (0.00%).
Nexa Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 20, 2024 | Carlos De Alba | Morgan Stanley | $7.50 | $7.79 | -3.72% | 14.33% |
| May 03, 2024 | Jackie Przybylowski | BMO Capital | $7.00 | $7.36 | -4.89% | 6.71% |
| Apr 09, 2024 | Orest Wowkodaw | Scotiabank | $6.00 | $7.49 | -19.89% | -8.54% |
| Apr 01, 2024 | Jackie Przybylowski | BMO Capital | $6.50 | $7.10 | -8.45% | -0.91% |
The latest Nexa Resources stock forecast, released on Jun 20, 2024 by Carlos De Alba from Morgan Stanley, set a price target of $7.50, which represents a -3.72% decrease from the stock price at the time of the forecast ($7.79), and a 14.33% increase from NEXA last price ($6.56).
Nexa Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $7.50 | $6.75 |
| Last Closing Price | $6.56 | $6.56 | $6.56 |
| Upside/Downside | -100.00% | 14.33% | 2.90% |
In the current month, the average price target of Nexa Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nexa Resources's last price of $6.56. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 20, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| May 30, 2024 | Scotiabank | Underperform | Underperform | Hold |
| May 03, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Apr 09, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Apr 01, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 16, 2022 | Morgan Stanley | - | Overweight | Upgrade |
Nexa Resources's last stock rating was published by Morgan Stanley on Jun 20, 2024. The company gave NEXA a "Underweight" rating, the same as its previous rate.
Nexa Resources Financial Forecast
Nexa Resources Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $667.32M | $779.77M | $702.64M | $829.43M | $722.14M | $677.91M | $655.08M | $686.19M | $602.93M | $634.52M | $537.83M |
| Avg Forecast | $839.53M | $830.05M | $820.68M | $811.41M | $802.25M | $793.19M | $784.23M | $775.38M | $766.62M | $757.96M | $749.41M | $740.94M | $694.52M | $643.86M | $668.20M | $595.82M | $626.26M | $562.36M | $549.06M | $725.53M | $624.57M | $644.46M | $804.28M | $713.21M | $689.78M | $657.50M | $645.48M | $599.39M | $625.09M | $529.29M |
| High Forecast | $839.53M | $830.05M | $820.68M | $811.41M | $802.25M | $793.19M | $784.23M | $775.38M | $766.62M | $757.96M | $749.41M | $740.94M | $694.52M | $670.75M | $668.20M | $595.82M | $627.34M | $562.36M | $549.06M | $725.53M | $624.57M | $644.46M | $804.28M | $718.95M | $695.33M | $662.80M | $650.68M | $604.22M | $630.13M | $533.56M |
| Low Forecast | $839.53M | $830.05M | $820.68M | $811.41M | $802.25M | $793.19M | $784.23M | $775.38M | $766.62M | $757.96M | $749.41M | $740.94M | $694.52M | $616.96M | $668.20M | $595.82M | $625.18M | $562.36M | $549.06M | $725.53M | $624.57M | $644.46M | $804.28M | $707.46M | $684.22M | $652.21M | $640.28M | $594.56M | $620.06M | $525.03M |
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.25% | 1.09% | 1.03% | 1.01% | 0.98% | 1.00% | 1.06% | 1.01% | 1.02% | 1.02% |
Nexa Resources's average Quarter revenue forecast for Jun 23 based on 0 analysts is $549.06M, with a low forecast of $549.06M, and a high forecast of $549.06M. NEXA's average Quarter revenue forecast represents a -17.72% decrease compared to the company's last Quarter revenue of $667.32M (Mar 23).
Nexa Resources EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 3 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $124.51M | $82.53M | $96.43M | $302.61M | $166.89M | $118.42M | $117.64M | $281.02M | $126.31M | $189.94M | $63.38M |
| Avg Forecast | $156.14M | $154.38M | $152.64M | $150.91M | $149.21M | $147.52M | $145.86M | $144.21M | $142.58M | $140.97M | $139.38M | $137.81M | $129.17M | $119.75M | $124.28M | $169.00M | $116.48M | $104.59M | $102.12M | $153.64M | $116.16M | $267.61M | $149.59M | $139.67M | $128.29M | $243.29M | $359.70M | $163.15M | $232.58M | $199.66M |
| High Forecast | $156.14M | $154.38M | $152.64M | $150.91M | $149.21M | $147.52M | $145.86M | $144.21M | $142.58M | $140.97M | $139.38M | $137.81M | $129.17M | $124.75M | $124.28M | $202.80M | $116.68M | $104.59M | $102.12M | $184.37M | $116.16M | $321.14M | $149.59M | $167.61M | $129.32M | $291.94M | $431.64M | $195.78M | $279.10M | $239.60M |
| Low Forecast | $156.14M | $154.38M | $152.64M | $150.91M | $149.21M | $147.52M | $145.86M | $144.21M | $142.58M | $140.97M | $139.38M | $137.81M | $129.17M | $114.75M | $124.28M | $135.20M | $116.28M | $104.59M | $102.12M | $122.91M | $116.16M | $214.09M | $149.59M | $111.74M | $127.26M | $194.63M | $287.76M | $130.52M | $186.06M | $159.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.71% | 0.36% | 2.02% | 1.19% | 0.92% | 0.48% | 0.78% | 0.77% | 0.82% | 0.32% |
0 analysts predict NEXA's average Quarter EBITDA for Jun 23 to be $102.12M, with a high of $102.12M and a low of $102.12M. This is -17.99% lower than Nexa Resources's previous annual EBITDA (Mar 23) of $124.51M.
Nexa Resources Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 3 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-15.41M | $-81.44M | $-39.87M | $109.00M | $63.01M | $11.36M | $-9.04M | $109.01M | $31.61M | $49.95M | $-34.67M |
| Avg Forecast | $31.57M | $31.44M | $31.32M | $48.02M | $26.46M | $26.87M | $27.27M | $44.18M | $33.92M | $33.85M | $34.88M | $36.93M | $21.72M | $11.88M | $31.12M | $47.93M | $-17.33M | $-29.87M | $-17.57M | $43.57M | $-11.83M | $-42.86M | $78.21M | $39.61M | $64.36M | $-38.96M | $139.54M | $29.43M | $61.17M | $-90.32M |
| High Forecast | $31.57M | $31.44M | $31.32M | $48.02M | $26.46M | $26.87M | $27.27M | $44.18M | $33.92M | $33.85M | $34.88M | $36.93M | $21.72M | $11.88M | $31.12M | $57.51M | $23.10M | $26.14M | $-17.57M | $52.28M | $-11.83M | $-34.29M | $78.21M | $47.53M | $65.04M | $-31.17M | $167.44M | $35.32M | $73.40M | $-72.25M |
| Low Forecast | $31.57M | $31.44M | $31.32M | $48.02M | $26.46M | $26.87M | $27.27M | $44.18M | $33.92M | $33.85M | $34.88M | $36.93M | $21.72M | $11.88M | $31.12M | $38.34M | $-57.76M | $-85.88M | $-17.57M | $34.85M | $-11.83M | $-51.43M | $78.21M | $31.69M | $63.69M | $-46.76M | $111.63M | $23.55M | $48.93M | $-108.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.35% | 6.89% | 0.93% | 1.39% | 1.59% | 0.18% | 0.23% | 0.78% | 1.07% | 0.82% | 0.38% |
Nexa Resources's average Quarter net income forecast for Sep 22 is $-42.86M, with a range of $-51.43M to $-34.29M. NEXA's average Quarter net income forecast represents a -139.32% decrease compared to the company's last Quarter net income of $109.00M (Jun 22).
Nexa Resources SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 3 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $27.78M | $40.07M | $30.91M | $35.82M | $34.67M | $51.76M | $36.72M | $33.50M | $57.37M | $55.15M | $54.70M |
| Avg Forecast | $54.60M | $53.99M | $53.38M | $52.78M | $52.18M | $51.59M | $51.01M | $50.43M | $49.86M | $49.30M | $48.74M | $48.19M | $45.17M | $41.88M | $43.46M | $26.37M | $40.73M | $36.58M | $35.71M | $23.97M | $40.62M | $83.53M | $52.31M | $21.80M | $44.86M | $75.94M | $42.88M | $74.10M | $67.53M | $172.29M |
| High Forecast | $54.60M | $53.99M | $53.38M | $52.78M | $52.18M | $51.59M | $51.01M | $50.43M | $49.86M | $49.30M | $48.74M | $48.19M | $45.17M | $43.63M | $43.46M | $31.65M | $40.80M | $36.58M | $35.71M | $28.77M | $40.62M | $100.24M | $52.31M | $26.15M | $45.23M | $91.13M | $51.45M | $88.93M | $81.03M | $206.75M |
| Low Forecast | $54.60M | $53.99M | $53.38M | $52.78M | $52.18M | $51.59M | $51.01M | $50.43M | $49.86M | $49.30M | $48.74M | $48.19M | $45.17M | $40.13M | $43.46M | $21.10M | $40.66M | $36.58M | $35.71M | $19.18M | $40.62M | $66.83M | $52.31M | $17.44M | $44.50M | $60.75M | $34.30M | $59.28M | $54.02M | $137.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.99% | 0.37% | 0.68% | 1.59% | 1.15% | 0.48% | 0.78% | 0.77% | 0.82% | 0.32% |
Nexa Resources's average Quarter SG&A projection for Jun 23 is $35.71M, based on 0 Wall Street analysts, with a range of $35.71M to $35.71M. The forecast indicates a 28.57% rise compared to NEXA last annual SG&A of $27.78M (Mar 23).
Nexa Resources EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 2 | 1 | - | - | - | - | - | - | - | - | - | 3 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.12 | $-0.61 | $-0.30 | $0.82 | $0.48 | $0.09 | $-0.07 | $0.82 | $0.24 | $0.38 | $-0.26 |
| Avg Forecast | $0.24 | $0.24 | $0.24 | $0.36 | $0.20 | $0.20 | $0.21 | $0.33 | $0.26 | $0.26 | $0.26 | $0.28 | $0.16 | $0.09 | $0.23 | $-0.12 | $-0.13 | $-0.23 | $-0.13 | $0.06 | $-0.09 | $0.07 | $0.59 | $0.37 | $0.49 | $0.44 | $0.42 | $0.40 | $0.48 | $-0.01 |
| High Forecast | $0.24 | $0.24 | $0.24 | $0.36 | $0.20 | $0.20 | $0.21 | $0.33 | $0.26 | $0.26 | $0.26 | $0.28 | $0.16 | $0.09 | $0.23 | $-0.12 | $0.17 | $0.20 | $-0.13 | $0.06 | $-0.09 | $0.07 | $0.59 | $0.37 | $0.49 | $0.45 | $0.43 | $0.40 | $0.48 | $-0.01 |
| Low Forecast | $0.24 | $0.24 | $0.24 | $0.36 | $0.20 | $0.20 | $0.21 | $0.33 | $0.26 | $0.26 | $0.26 | $0.28 | $0.16 | $0.09 | $0.23 | $-0.12 | $-0.44 | $-0.65 | $-0.13 | $0.06 | $-0.09 | $0.07 | $0.59 | $0.36 | $0.48 | $0.44 | $0.42 | $0.39 | $0.47 | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.14% | 6.83% | -4.56% | 1.39% | 1.31% | 0.18% | -0.15% | 1.93% | 0.61% | 0.80% | 30.97% |
According to 0 Wall Street analysts, Nexa Resources's projected average Quarter EPS for Sep 22 is $0.07, with a low estimate of $0.07 and a high estimate of $0.07. This represents a -91.97% decrease compared to NEXA previous annual EPS of $0.82 (Jun 22).
NEXA Forecast FAQ
Is Nexa Resources a good buy?
No, according to 2 Wall Street analysts, Nexa Resources (NEXA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of NEXA's total ratings.
What is NEXA's price target?
Nexa Resources (NEXA) average price target is $6.83 with a range of $6 to $7.5, implying a 4.12% from its last price of $6.56. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nexa Resources stock go up soon?
According to Wall Street analysts' prediction for NEXA stock, the company can go up by 4.12% (from the last price of $6.56 to the average price target of $6.83), up by 14.33% based on the highest stock price target, and down by -8.54% based on the lowest stock price target.
Can Nexa Resources stock reach $10?
NEXA's average twelve months analyst stock price target of $6.83 does not support the claim that Nexa Resources can reach $10 in the near future.
What are Nexa Resources's analysts' financial forecasts?
Nexa Resources's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.16B (high $3.16B, low $3.16B), average EBITDA is $586.8M (high $586.8M, low $586.8M), average net income is $124.78M (high $124.78M, low $124.78M), average SG&A $205.21M (high $205.21M, low $205.21M), and average EPS is $0.942 (high $0.942, low $0.942). NEXA's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $3.3B (high $3.3B, low $3.3B), average EBITDA is $614.07M (high $614.07M, low $614.07M), average net income is $142.36M (high $142.36M, low $142.36M), average SG&A $214.75M (high $214.75M, low $214.75M), and average EPS is $1.07 (high $1.07, low $1.07).
Did the NEXA's actual financial results beat the analysts' financial forecasts?
Based on Nexa Resources's last annual report (Dec 2022), the company's revenue was $3.03B, beating the average analysts forecast of $2.79B by 8.88%. Apple's EBITDA was $648.45M, missing the average prediction of $673.03M by -3.65%. The company's net income was $76.39M, beating the average estimation of $63.13M by 21.00%. Apple's SG&A was $141.48M, missing the average forecast of $198.26M by -28.64%. Lastly, the company's EPS was $0.58, missing the average prediction of $0.932 by -37.78%. In terms of the last quarterly report (Mar 2023), Nexa Resources's revenue was $667.32M, missing the average analysts' forecast of $725.53M by -8.02%. The company's EBITDA was $124.51M, missing the average prediction of $153.64M by -18.96%. Nexa Resources's net income was $-15.41M, missing the average estimation of $43.57M by -135.37%. The company's SG&A was $27.78M, beating the average forecast of $23.97M by 15.86%. Lastly, the company's EPS was $-0.12, missing the average prediction of $0.056 by -314.30%