Nexa Res Stock (NYSE:NEXA), Trade Ideas

Nexa Res

Nexa Resources SA is a low-cost integrated zinc producer. It produces copper, silver, and gold as byproducts. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.

mining

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Markets

ABAT

NEXA

RDUS

VALE

Recycling companies face challenges, American Battery receives $40.5M grant, Nexa Resources prices $600M offering, investors bearish on Newmont, Vale target lowered.

Radius Recycling Reports Q2 Results; American Battery Awarded Another $40.5 Million; Nexa Prices $600 Million Offering And More: Thursday&#39;s Top Mining Stories

lithium mining ai

Earnings

AMSYF

AUMN

MTAL

Top stories: Nexa Resources suspends mining operations, Metals Acquisition reports high copper grades, Golden Minerals releases financial results, ArcelorMittal names new CEO for mining division.

Nexa Resources Suspends Morro Agudo Operations; Metals Acquisition Reports Drilling Results; Golden Minerals Shares FY 2023 Results And More: Tuesday&#39;s Top Mining Stories

News

Small Cap

IPOs

1. JPMorgan Chase analyst Bill Peterson maintained a Neutral rating on Piedmont Lithium Inc. (NASDAQ: PLL) and lowered his price target from $25 to $15.

JPMorgan Lowers Piedmont Lithium Price Target; This IPO Is Oversubscribed; Nexa Reports Results; Compass Refocuses

Nexa Resources SA

Nexalin Technology Inc

Nexans

NEXANS PARIS ACT (FRANCE) by Nexans Paris ACT

Guidance

Aptar Currently Expects Q2 EPS, Ex Any Restructuring Expenses, Changes In Fair Value Of Equity Investments And Acquisition Costs, Of $1.30-$1.38, Est $1.36

Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner announced an <a href="https://www.benzinga.com/pressreleases/24/04/g38445157/marathon-digital-holdings-increases-2024-hash-rate-target-to-50-exahash">increase to its hash rate target</a>.
What Happened: After the market close on Thursday, Marathon Digital said it&#8217;s increasing its hash rate target for fiscal-year 2024 from a previous range of 35 EH/s to 37 EH/s to a new target of 50 EH/s.
The bitcoin mining company began the year with approximately 24.7 EH/s&nbsp;and had been targeting growth of approximately 46% by year&#8217;s end. Marathon said it&#8217;s raising its new target based on current machine orders and available capacity following recent acquisitions.
&#8220;Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate we have access to through current machine orders and options, we now believe it is possible for us to double the scale of Marathon&#8217;s mining operations in 2024 and achieve 50 exahash by the end of the year,&#8221; said Fred Thiel, chairman and CEO of Marathon Digital.
&#8220;With our current liquidity position, this growth target is also fully funded and there is no need for us to raise additional capital to achieve our objective.&#8221;
Marathon noted that it will provide further information on its new hash rate target when it reports earnings on May 9. Analysts expect the company to report earnings of 22 cents per share on revenue of $180.69 million, according to estimates from<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38442912/bitcoins-consolidation-phase-best-met-with-zoom-out-perspective-patience-approach-says-tra">Bitcoin&#8217;s Consolidation Phase Best Met With &#8216;Zoom Out, Perspective, Patience&#8217; Approach, Says Trader</a>
MARA Price Action: <a href="https://www.benzinga.com/quote/MARA">Marathon Digital shares</a> were up 5.15% after hours at $19.98 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

$BTC

MARA

Why Bitcoin Mining Stock Marathon Digital Is Moving Higher After Hours

CORRECTION: L3Harris Technologies Sees FY24 Adj. EPS $12.70-$13.05 Vs $12.71 Estimate, $12.40-$12.80 Prior

AptarGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATR#NYSE">ATR</a>) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.15 by 9.57 percent. This is a 31.25 percent increase over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $915.448 million which beat the analyst consensus estimate of $890.329 million by 2.82 percent. This is a 6.44 percent increase over sales of $860.067 million the same period last year.

Earnings Beats

AptarGroup Q1 2024 Adj EPS $1.26 Beats $1.15 Estimate, Sales $915.448M Beat $890.329M Estimate

MSFT

NVDA

Microsoft CEO Said More Than 65% Of Fortune 500 Companies Use Azure OpenAI Service;  Sees Acceleration In  Number Of Large Azure Deals -Conf Call

Tenaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TS#NYSE">TS</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $0.95 by 33.68 percent. This is a 33.51 percent decrease over earnings of $1.91 per share from the same period last year. The company reported quarterly sales of $3.442 billion which beat the analyst consensus estimate of $3.375 billion by 1.97 percent. This is a 16.88 percent decrease over sales of $4.141 billion the same period last year.

Tenaris Q1 2024 GAAP EPS $1.27 Beats $0.95 Estimate, Sales $3.442B Beat $3.375B Estimate

USCB Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.21 by 9.52 percent. This is a 20.69 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $17.622 million which beat the analyst consensus estimate of $17.175 million by 2.60 percent. This is a 2.46 percent decrease over sales of $18.067 million the same period last year.

USCB

USCB Financial Holdings Q1 2024 Adj EPS $0.23 Beats $0.21 Estimate, Sales $17.622M Beat $17.175M Estimate

GXO Logistics Reports Pricing Of $1.1B Notes Offering

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares are trading higher in Thursday&#8217;s after-hours session following a pair of blowout quarters from mega-cap peers Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).</a>
<h2 class="wp-block-heading">What Happened With Microsoft?</h2>
Microsoft beat analyst estimates on the top and bottom lines when it reported earnings after the bell on Thursday. The company said third-quarter revenue increased 17% year-over-year to $61.9 billion, versus estimates of $60.804 billion. Microsoft reported quarterly earnings of $2.94 per share, versus estimates of $2.82 per share. Shares were up more than 4% at last check.
&#8220;Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," said Satya Nadella, chairman and CEO of Microsoft.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">Microsoft Q3 Earnings: Revenue Beat, EPS Beat, &#8216;New Era Of AI Transformation&#8217; And More</a>
<h2 class="wp-block-heading">What Happened With Alphabet?</h2>
Google parent Alphabet said its first-quarter revenue increased 15% year-over-year to $80.539 billion, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a> of $78.594 billion. The company reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.51 per share.
&#8220;Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there&#8217;s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,&#8221; said Sundar Pichai, CEO of Alphabet.
Alphabet&#8217;s board also authorized an additional share repurchase program of up to $70 billion and announced its first-ever quarterly dividend of 20 cents per share. Alphabet shares were up approximately 13.5% at the time of writing.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">Alphabet Q1 Earnings: Revenue Beat, EPS Beat, $70B Buyback, First-Ever Dividend, AI Leadership And More</a>
<h2 class="wp-block-heading">What To Expect From Amazon</h2>
Amazon shares faced selling pressure throughout the day on Thursday after Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares <a href="https://www.benzinga.com/news/earnings/24/04/38430266/meta-platforms-stock-is-tumbling-thursday-whats-going-on">sold off on earnings</a>. Weakness spread to several other mega-cap tech stocks as fears over earnings mounted. Amazon stock is bouncing back after hours after Microsoft and Alphabet eased investor concerns.
Amazon is scheduled to report its <a href="https://www.benzinga.com/calendars/earnings">first-quarter financial results</a> after the market close on April 30. The company is expected to report earnings of 83 cents per share on revenue of $142.495 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
AMZN Price Action: Amazon shares closed Thursday&#8217;s regular session down 1.65%. The stock was up 3.07% after hours at $178.98 at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

AMZN

GOOG

Amazon Stock Is Rising Thursday: What's Going On?

Western Digital Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)&nbsp;reported third-quarter financial results after the bell on Thursday. Here's a&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38443501/western-digital-reports-fiscal-third-quarter-2024-financial-results" rel="noreferrer noopener">look at the highlights</a>.
Western Digital reported earnings of 63 cents per share, which is&nbsp;not comparable to the consensus of 20 cents. It clocked quarterly sales of $3.46 billion, beating the $3.36 billion analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a>.&nbsp;
Cloud revenue of $1.55 billion represented 45% of total revenue, with its growth primarily attributed to higher nearline shipments and improved nearline per unit pricing&nbsp;with flash&nbsp;revenue up both sequentially and&nbsp;year-over-year.&nbsp;
Client revenue of $1.17 billion represented 34% of total revenue. Sequentially, the increase in flash ASP&nbsp;more than&nbsp;offset a decline in flash bit shipments while HDD revenue decreased. The year-over-year increase&nbsp;was driven&nbsp;by growth in both flash and HDD ASPs and flash bit shipments.
Consumer revenue of $730 million represented 21% of total revenue.&nbsp;Sequentially,&nbsp;both flash and HDD were down at approximately similar rates and in line with seasonality.&nbsp;The year-over-year increase&nbsp;was driven&nbsp;by growth in flash bit shipments and ASP.
"As evidenced by our excellent third quarter results, Western Digital continues improving through-cycle profitability and dampening business cycles by leveraging our strategy of developing a diversified portfolio of industry-leading products across a broad range of end markets," said&nbsp;David Goeckeler, Western Digital CEO.&nbsp;
Outlook:&nbsp;Western Digital expects fourth-quarter earnings between 90 cents and $1.20 per share versus the 84 cents estimate. It forecasts fourth-quarter revenue of $3.6 billion to $3.8 billion versus the $3.69 billion estimate.&nbsp;
"We are in the early innings of unlocking the full potential of this company, and as industry supply and demand dynamics continue to improve, we will remain disciplined around our capital spending and focused on driving innovation and efficiency across our businesses," said Goeckeler.&nbsp;
Related News:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38441140/s-p-global-reports-q1-results-raises-revenue-guidance" rel="noreferrer noopener">S&amp;P Global Reports Q1 Results, Raises Revenue Guidance</a>
WDC Price Action:&nbsp;According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, Western Digital shares are down 1.07% after-hours at $68.70 at the time of publication Thursday.
Photo via Wikimedia Commons

After-Hours Center

Tech

Western Digital Q3 Earnings: Revenue Beat, Higher ASP, Upbeat Q4 Guidance And More

Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) reported quarterly earnings of $1.42 per share which missed the analyst consensus estimate of $1.63 by 12.88 percent. This is a 10.13 percent decrease over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $160.385 million which missed the analyst consensus estimate of $167.861 million by 4.45 percent. This is a 7.00 percent increase over sales of $149.899 million the same period last year.

Earnings Misses

CUBI

Customers Bancorp Q1 2024 Adj EPS $1.42 Misses $1.63 Estimate, Sales $160.385M Miss $167.861M Estimate

INTC

Intel Exec Said Foundry Services Signed Aerospace And Defense Industry Customer Who Was Not Named- Conf Call

Federated Hermes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHI#NYSE">FHI</a>) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.84 by 5.95 percent. This is a 14.1 percent increase over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $396.371 million which missed the analyst consensus estimate of $401.259 million by 1.22 percent. This is a 3.71 percent increase over sales of $382.189 million the same period last year.

Federated Hermes Q1 2024 GAAP EPS $0.89 Beats $0.84 Estimate, Sales $396.371M Miss $401.259M Estimate

The company reaffirmed its revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow ranges for fiscal year 2024.&nbsp;

CWST

Casella Waste Systems Reaffirms FY24 Outlook, With Revenues Of $1.48B-$1.51B, Est $1.498B

First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.23 by 13.04 percent. This is a 31.03 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $20.935 million which missed the analyst consensus estimate of $22.084 million by 5.20 percent. This is a 7.56 percent decrease over sales of $22.647 million the same period last year.

FLIC

First of Long Island Q1 2024 GAAP EPS $0.20 Misses $0.23 Estimate, Sales $20.935M Miss $22.084M Estimate

WIIM

APPF

AppFolio shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 revenue guidance above estimates.

The company reaffirmed full year 2024&nbsp;guidance&nbsp;provided to the market on&nbsp;February 13. Allison expects 2024 Net Sales in the range of&nbsp;$3,050&nbsp;to&nbsp;$3,150&nbsp;million, Net Income in the range of&nbsp;$635&nbsp;to&nbsp;$685 million, Adjusted EBITDA in the range of&nbsp;$1,070&nbsp;to&nbsp;$1,130&nbsp;million, Net Cash Provided by Operating Activities in the range of&nbsp;$700&nbsp;to&nbsp;$760 million, Capital Expenditures in the range of&nbsp;$125&nbsp;to&nbsp;$135 million, and Adjusted Free Cash Flow in the range of&nbsp;$575&nbsp;to&nbsp;$625 million.

ALSN

Allison Transmission Reaffirms 2024 Net Sales Outlook Of $3.05B-$3.15B, Est $3.108B

AppLovin shares are trading higher possibly in sympathy with Snap, which reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates

ALEX

Alexander & Baldwin Raises 2024 AFFO Guidance From $0.80-$0.90 To $0.89-$1.00

PTCT

PTC Therapeutics Reaffirms FY24 Financial Guidance; Total Revenues Of $600M-$680M, Est $606.63M

Nexa Resources announces pricing of debt offering to raise $600 million

Nexa Resources (NEXA) has released an update. Nexa Resources has divested its Morro Agudo Complex in Brazil to Casa Verde Holding Ltda. for R$80 mi...

Nexa Resources Sells Morro Agudo Complex

Nexa Resources (NEXA) has released an update. Nexa Resources has finalized the sale of its Morro Agudo Complex in Brazil to Casa Verde Holding for ...

Nexa Resources Sells Brazilian Mining Complex

Nexa Resources (NEXA) has released an update. Nexa Resources has successfully concluded its cash tender offer for the 5.375% senior unsecured guara...

Nexa Resources Completes Tender Offer for 2027 Notes

Nexa Resources (NEXA) has released an update. Nexa Resources has successfully completed a significant portion of its cash tender offer, purchasing ...

Nexa Resources Advances Debt Optimization

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Nexa Resources SA (NEXA – Research Report) and BHP ...

Analysts Offer Insights on Materials Companies: Nexa Resources SA (NEXA) and BHP Group Ltd (OtherBHPLF)

Nexa Resources (NEXA) has released an update. Nexa Resources S.A. has expanded its 2024 mineral exploration program, achieving 9,951 meters of dril...

Nexa Resources Advances Strategic Exploration

Nexa Resources (NEXA) has released an update. Nexa Resources has ramped up its exploration program, expanding its drilling operations across Brazil...

Nexa Resources Boosts Exploration Efforts

Nexa Resources (NEXA) has released an update. Nexa Resources has released its 2023 Sustainability Report, underscoring the company's dedication to ...

Nexa Resources Unveils 2023 Sustainability Progress

Nexa Resources (NEXA) has released an update. Nexa Resources has released its 2023 Sustainability Report, emphasizing its dedication to corporate s...

Nexa Resources Unveils 2023 Sustainability Efforts

BHPLF

Press Releases

Nexa Reports Fourth Quarter and Full Year 2023 Financial Results

Nexa Resources Provides Update on Morro Agudo Complex

Nexa Announces Filing of Annual Report on Form 20-F for the Fiscal Year Ended 2023, Publication of Mining Report and Technical Report Summary

Nexa Resources Announces 2023 Year-End Mineral Reserves and Mineral Resources

Offerings

Announcement of Tender Offers for Any and All of the 2027 Notes and a portion of the 2028 Notes by Nexa Resources S.A.

Nexa Resources Intends To Offer Senior Unsecured Notes

Nexa Resources Prices Offering of US$600 Million 6.750% Senior Unsecured Notes Due 2034

NEXA RESOURCES ANNOUNCES EXPIRATION AND RESULTS OF ITS ANY AND ALL CASH TENDER OFFER FOR NOTES DUE IN 2027

NEXA RESOURCES ANNOUNCES EARLY TENDER EXPIRATION AND RESULTS OF ITS OFFER TO PURCHASE A PORTION OF ITS NOTES DUE IN 2028

Nexa Resources Publishes Its 2023 Sustainability Report

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American Battery Tech

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)