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Nexa Resources S.A. (NYSE:NEXA) stock has tumbled to a 52-week low, touching $5.04, as the company faces a challenging market environment. With a beta of 1.53 indicating higher volatility than the broader market, InvestingPro analysis suggests the stock is currently trading below its Fair Value. This latest price level reflects a significant downturn from the stock’s performance over the past year, with Nexa Resources experiencing a steep YTD decline of 41.25%. Investors are closely monitoring the stock as it navigates through the current economic conditions that have led to this low point. While the company isn’t currently profitable, InvestingPro data reveals analysts expect a return to profitability this year, making it one of 1,400+ stocks with comprehensive Pro Research Reports available for deeper analysis. The 52-week low serves as a critical indicator for the market participants who track the stock’s volatility and seek to understand the underlying factors influencing its downward trajectory.
In other recent news, Nexa Resources reported its Q4 2024 earnings, revealing a mixed performance. The company missed its earnings per share (EPS) estimates, posting $0.3041 compared to the forecasted $0.3288. However, Nexa Resources exceeded revenue expectations, generating $716.68 million against the anticipated $698.65 million. The company’s total consolidated revenues for Q4 increased by 18% year-over-year to $741 million, contributing to a full-year revenue of $766 million, marking an 8% increase from the previous year. The Aripuana mine played a significant role in this growth, with notable increases in zinc, copper, lead, and silver production. Despite the EPS shortfall, Nexa Resources’ adjusted EBITDA for Q4 rose by 79% year-over-year to $197 million, with a full-year adjusted EBITDA of $714 million. Analysts from Bradesco and Morgan Stanley (NYSE:MS) inquired about future expectations, with Nexa Resources expressing optimism for revenue growth in 2025, driven by pricing and volume expansion. The company also announced a new dividend policy, distributing 20% of free cash flow with a minimum of $0.08 per share.
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