Nexa Resources: A Forgotten Zinc Producer Trading At 2.5X Earnings [Seeking Alpha]
Nexa Resources S.A. Common Shares (NEXA)
Last nexa resources s.a. common shares earnings: 10/31 06:08 pm
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Source: Seeking Alpha
Hammad Khan/iStock via Getty ImagesIntroductionSincemy previous articleNYSE:NEXAstill approximately 20-25% higher than in February 2021. Additionally, Nexa just completed the construction of a new mine which means the capex will decrease to just the sustaining capex while the new mine will contribute to the operating cash flow. If the zinc price remains at this level, Nexa Resources will be a true cash cow.YChartsThe first half of the year was strong, thanks to the high zinc priceNexa is a relatively large zinc producer. An important feature of Nexa is that the company owns zinc smelters as well which means the company offers some vertical integration which helps to keep the 'loss' to middle men low. About50% of the throughput of the smelterssecond quarterThis also means we should not look at Nexa as 'just' a mining company as the EBITDA contribution from the smelting segment is definitely not negligible: in the first half of this year, 45% of the EBITDA was actually generated in the
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News
- Nexa Resources S.A. (NYSE:NEXA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nexa Resources S.A. (NYSE: NEXA) had its price target lowered by analysts at BMO Capital Markets from $7.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- Nexa Reports First Quarter 2024 Results Including Net Loss of US$11 Million and Adjusted EBITDA of US$123 Million [Yahoo! Finance]Yahoo! Finance
- Nexa Reports First Quarter 2024 Results Including Net Loss of US$11 Million and Adjusted EBITDA of US$123 MillionAccesswire
- Nexa Resources Publishes Its 2023 Sustainability ReportAccesswire
NEXA
Earnings
- 5/2/24 - Miss
NEXA
Sec Filings
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- NEXA's page on the SEC website