Is Nexa Resources S.A. (NYSE:NEXA) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Nexa Resources S.A. at current levels.
Zinc's structural deficit meets a smelter turnaround that the market is pricing like a permanent value trap.
Where NEXA is headed
Nexa in mid-2028 looks nothing like the perpetually-broken smelter operator the market still trades. The Cerro Pasco integration is producing at nameplate, Aripuanã is finally clearing 95%+ utilization after four years of ramp pain, and the company is generating roughly $500-600M in annual free cash flow at zinc prices that don't need to move much from here. Debt gets pulled down toward 1.5x net leverage, the Votorantim parent stops being an overhang and starts being an accelerant on M&A, and Nexa quietly becomes one of the last independently investable pure-play zinc names on any Western exchange.
Read the full Compass Direction on NEXA
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $12.20).
See the full NEXA analysisGet calls like this, free
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Frequently asked questions
Is Nexa Resources S.A. (NYSE:NEXA) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Nexa Resources S.A. at current levels. Zinc's structural deficit meets a smelter turnaround that the market is pricing like a permanent value trap.
What is NEXA's Compass Score?
Nexa Resources S.A. scores 75/100 on Alexandria's Compass, placing it in the "Favorable" tier. Scores blend eight factors and update weekly.
What is the price target for NEXA?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the NEXA page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.