Nexa (NEXA)
Operates polymetallic mines and zinc smelters across Peru and Brazil.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 28, 2026 | Scotiabank | Reiterate | Rating: —Target: $14 | Target: $15 |
| Aug 7, 2026 | Scotiabank | Reiterate | Rating: —Target: $14.50 | Target: $14 |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $7.70 | Target: $12.50 |
| Jan 26, 2026 | Scotiabank | Target | Target: $7 | Target: $14.50 |
| Dec 15, 2025 | Morgan Stanley | Target | Target: $7.50 | Target: $7.70 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $386.8M · Total debt $1.86B · Total assets $5.38B · Shareholders' equity $1.20B
- Revenue
- $899.7M
- Operating income
- $183.8M
- Net income
- $68.6M
| Institutions | ≈ 11.50% | 15.23M ADS | |
|---|---|---|---|
| 117 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 66.45% | 88.01M ADS | |
| 2 holders · as of Mar 19, 2026 | |||
| Other | ≈ 22.05% | 29.20M ADS | |
| remainder | |||
132.44M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Votorantim S.A.Insider | 64.68% | 85.66M | filed Mar 16, 2018 |
Capital International InvestorsInstitution | 7.00% | 9.27M | filed Feb 14, 2020 |
de Moraes Luis ErmirioInsiderdirector | 1.78% | 2.36M ordinary | filed Mar 19, 2026 |
Two Sigma Investments, LPInstitution | 1.44% | 1.90M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 1.41% | 1.87M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.



