Is Nexa Resources (NEXA) One of the Best Cheap Small Cap Stocks to Buy Now?

Nexa Resources S.A. (NYSE:NEXA) is one of the best cheap small cap stocks to buy now. Scotiabank lifted the price target on Nexa Resources S.A. (NYSE:NEXA) to $14.50 from $14 on June 15 and maintained a Sector Perform rating on the shares, with the firm updating its price targets for Metals & Mining stocks under its coverage. The firm told investors that it believes the copper market is “tighter than you think”, adding that it anticipates the new medium-term supply growth to be insufficient to balance the market.

Is Nexa Resources S.A. (NEXA) the Most Undervalued Silver Mining Stock to Buy According to Analysts?

In a separate development, Nexa Resources S.A. (NYSE:NEXA) provided an update on the gradual resumption of operations at its Cajamarquilla smelter in Peru on May 29. The update came after the incident reported on May 13, with the company stating that it is gradually resuming production at Cajamarquilla. Due to the temporary disruption, Nexa Resources S.A. (NYSE:NEXA) estimates a production impact of approximately 7kt (~2% year production) of refined zinc in fiscal Q2 2026, which is anticipated to be recovered during the second half of 2026. The company’s 2026 sales guidance remains unchanged.

Nexa Resources S.A. (NYSE:NEXA) is involved in the production of zinc in Latin America. The company conducts its operations through the Mining and Smelting segments.

While we acknowledge the risk and potential of NEXA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEXA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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