http://www.wkrb13.com/markets/907331/nevsun-resources-receives-average-rating-of-hold-from-brokerages-nysensu/
Nevsun Resources Receives Average Rating of “Hold” from Brokerages (NYSE:NSU)
Posted by Jim Brewer on Nov 16th, 2015
Shares of Nevsun Resources (NYSE:NSU) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.Com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.08.
Several brokerages recently commented on NSU. Zacks upgraded Nevsun Resources from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Paradigm Capital restated a “buy” rating and issued a $5.50 price objective (down previously from $7.50) on shares of Nevsun Resources in a report on Monday, November 2nd. RBC Capital reiterated a “sector perform” rating and issued a $5.50 target price on shares of Nevsun Resources in a research note on Wednesday, October 21st. Scotiabank upgraded shares of Nevsun Resources from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 29th. Finally, CIBC reiterated a “sector perform” rating and issued a $5.00 price target (down from $5.50) on shares of Nevsun Resources in a research report on Tuesday, September 8th.
Nevsun Resources (NYSE:NSU) opened at 2.70 on Wednesday. The stock’s 50 day moving average price is $3.02 and its 200-day moving average price is $3.40. The stock has a market cap of $539.41 million and a P/E ratio of 11.89. Nevsun Resources has a one year low of $2.57 and a one year high of $4.51.
Nevsun Resources (NYSE:NSU) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Nevsun Resources will post $0.16 earnings per share for the current year.
Nevsun Resources Ltd. (NYSE:NSU) is engaged in the acquisition, investigation, development and operation of mineral property interests. The Company’s primary mining operation is the Bisha Mine along with the main mineral property of the Company’s is the Bisha property, which can be possessed by Bisha Mining Share Company (BMSC). The organization ‘s fully 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 found 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts the total Bisha district and a zinc, copper and gold deposit comprises satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit can be found within the Bisha Mining License and the Harena satellite deposit lies in another mining permit 6 kilometers south. Harena and Bisha Main form 100% of the mineral reservations for Bisha.
Received on Mon Nov 16 2015 - 11:00:55 EST