http://dcprogressive.org/2015/10/22/nevsun-resources-sees-strong-trading-volume-nsu/
Nevsun Resources Sees Strong Trading Volume (NSU)
Posted by Jax Bronson on Oct 22nd, 2015
Nevsun Resources (NYSE:NSU) saw unusually-high trading volume on Wednesday , Market Beat Ratings reports. Approximately 151,145 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 110,591 shares.The stock last traded at $3.15 and had previously closed at $3.15.
NSU has been the topic of a number of recent analyst reports. TD Securities reiterated a “buy” rating and set a $5.50 price objective (down from $5.75) on shares of Nevsun Resources in a research note on Tuesday, August 4th. Canaccord Genuity reissued a “hold” rating and set a $4.00 target price (down previously from $4.50) on shares of Nevsun Resources in a research report on Tuesday, September 8th. TheStreet cut shares of Nevsun Resources from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Raymond James reissued an “outperform” rating and set a $5.00 target price (down previously from $5.25) on shares of Nevsun Resources in a report on Tuesday, August 4th. Finally, Scotiabank upgraded shares of Nevsun Resources from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Nevsun Resources has a consensus rating of “Hold” and a consensus price target of $5.00.
The company’s 50 day moving average is $3.03 and its 200-day moving average is $3.47. The stock has a market cap of $629.31 million and a P/E ratio of 9.10.
Nevsun Resources (NYSE:NSU) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by $0.03. The company had revenue of $104.20 million for the quarter, compared to analysts’ expectations of $113.11 million. Equities research analysts expect that Nevsun Resources will post $0.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 5.08%.
Nevsun Resources Ltd. (NYSE:NSU) is engaged in the acquisition, investigation, development and operation of mineral property interests. The business ‘s main mining business is the Bisha Mine along with the principal mineral property of the Company’s is the Bisha property, which can be owned by Bisha Mining Share Company (BMSC). The business ‘s fully owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The business has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit found 150 kilometers west. The Bisha mine hosts a gold, copper and zinc deposit and the entire Bisha district comprises satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is found within the Bisha Mining License as well as the Harena satellite deposit lies in another mining license 6 kilometers south. Harena and Bisha Main form 100% of the mineral reservations for Bisha.
Nevsun Resources Given Sector Perform Rating at RBC Capital (NSU)
Posted by Scott Davis on Oct 22nd, 2015
http://www.wkrb13.com/markets/858145/nevsun-resources-given-sector-perform-rating-at-rbc-capital-nsu/
Received on Fri Oct 23 2015 - 05:59:22 EDT