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Stock impact report

Nexa Resources (NEXA) Surges 6.2%: Is This an Indication of Further Gains? [Yahoo! Finance]

Nexa Resources S.A. Common Shares (NEXA) 
Last nexa resources s.a. common shares earnings: 10/31 06:08 pm Check Earnings Report
US:NYSE Investor Relations: nexaresources.com
Company Research Source: Yahoo! Finance
This compares to the stock's 31.1% gain over the past four weeks. The shares of Nexa Resources gained since the company announced that it has completed the previously disclosed sale of its Otavi Project in Namibia to Midnab Resources (Pty) Ltd., a wholly owned subsidiary of Midas Minerals Ltd. The Otavi project was previously a joint venture between Nexa Resources and Japan's JOGMEC. JOGMEC will receive 49% of the sale proceeds. Nexa Resources is prioritizing profitable assets, boosting free cash flow, and sticking to its disciplined capital allocation strategy. The company continues to assess opportunities in its portfolio, with Namibia being a key region for expanding copper exploration beyond Latin America. This company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +135%. Revenues are expected to be $828.12 million, up 11.8% from the year-ago quarter. While earnings and revenue growth expectatio Show less Read more
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