http://www.wkrb13.com/markets/775492/nevsun-resourcess-hold-rating-reaffirmed-at-canaccord-genuity-nsu-2/
Nevsun Resources’s Hold Rating Reaffirmed at Canaccord Genuity (NSU)
Posted by Jim Brewer on Sep 9th, 2015
Canaccord Genuity reaffirmed their hold rating on shares of Nevsun Resources (NYSE:NSU) in a research report sent to investors on Tuesday, Market Beat.com reports. Canaccord Genuity currently has a $4.00 target price on the stock, down from their previous target price of $4.50.
NSU has been the subject of a number of other research reports. Zacks raised shares of Nevsun Resources from a sell rating to a hold rating in a report on Wednesday, June 10th. TheStreet lowered shares of Nevsun Resources from a buy rating to a hold rating in a report on Monday, August 17th. TD Securities restated a buy rating and set a $5.50 target price (down from $5.75) on shares of Nevsun Resources in a research report on Tuesday, August 4th. Finally, Raymond James reiterated an outperform rating and issued a $5.00 price target (down from $5.25) on shares of Nevsun Resources in a research report on Tuesday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Nevsun Resources presently has an average rating of Hold and an average target price of $4.88.
Shares of Nevsun Resources (NYSE:NSU) traded up 2.41% during mid-day trading on Tuesday, reaching $2.98. 70,854 shares of the company were exchanged. The firm has a market capitalization of $595.35 million and a PE ratio of 8.61. The company’s 50 day moving average price is $3.02 and its 200 day moving average price is $3.57. Nevsun Resources has a 12 month low of $2.57 and a 12 month high of $4.51.
Nevsun Resources (NYSE:NSU) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.03. The firm had revenue of $104.20 million for the quarter, compared to the consensus estimate of $113.11 million. Equities analysts anticipate that Nevsun Resources will post $0.20 earnings per share for the current year.
Nevsun Resources Ltd. (NYSE:NSU) is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company’s principal mining operation is the Bisha Mine and the Company’s principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). The Company’s wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.
Received on Wed Sep 09 2015 - 13:23:30 EDT