
Nexa Resources S.A. is rated a buy, driven by robust financials, undervaluation, and strong zinc, copper, and silver price outlooks. NEXA's expansion projects—Aripuana tailings filter and Cerro Pasco integration—are advancing, expected to add $100M–$140M in annual cash flow upon completion. The company is rapidly deleveraging, targeting a debt/EBITDA ratio below 1.8 by 2026, while maintaining high liquidity and responsible capital allocation.










