https://friscofastball.com/2017/01/09/whats-propelling-nevsun-resources-to-decline-so-much/
What’s Propelling Nevsun Resources to Decline So Much?
January 9, 2017 Nellie Frank
[image: What's Propelling Nevsun Resources to Decline So Much?]
The stock of *Nevsun Resources (TSE:NSU)* is a huge mover today! About
323,601 shares traded hands. Nevsun Resources (TSE:NSU) has risen 0.94%
since June 1, 2016 and is uptrending. It has underperformed by 7.53% the
S&P500.
The move comes after 8 months negative chart setup for the $1.22B company.
It was reported on Jan, 9 by Barchart.com
<
http://old.barchart.com/news/stocks/NSU>. We have $3.91 PT which if
reached, will make TSE:NSU worth $85.40 million less.
Nevsun Resources (TSE:NSU) Ratings Coverage
Out of 7 analysts covering *Nevsun Resources (TSE:NSU
<
https://www.zacks.com/stock/quote/NSU>)*, 4 rate it a “Buy”, 0 “Sell”,
while 3 “Hold”. This means 57% are positive. $6.50 is the highest target
while $4 is the lowest. The $5.14 average target is 22.38% above today’s
($4.2) stock price. Nevsun Resources has been the topic of 16 analyst
reports since July 24, 2015 according to StockzIntelligence Inc. The firm
has “Buy” rating by TD Securities given on Friday, October 28. Scotia
Capital maintained it with “Sector Perform” rating and $5 target price in
Friday, August 19 report. The firm earned “Sector Perform” rating on
Monday, November 28 by Scotia Capital. On Friday, January 15 the stock
rating was maintained by RBC Capital Markets with “Sector Perform”. The
firm has “Hold” rating by Canaccord Genuity given on Monday, October 24.
The stock of Nevsun Resources (TSE:NSU) has “Outperform” rating given on
Friday, July 22 by RBC Capital Markets. The company was maintained on
Wednesday, December 2 by RBC Capital Markets. The rating was maintained by
TD Securities on Friday, July 29 with “Buy”.
More notable recent Nevsun Resources (TSE:NSU) news were published by:
Juniorminingnetwork.com
<
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/714-tsx/nsu/27909-nevsun-resources-announces-two-new-director-appointments-and-2017-ceo-succession-plan.html>
which
released: “Nevsun Resources Announces Two New Director Appointments and
2017 CEO …” on January 03, 2017, also Seekingalpha.com
<
http://seekingalpha.com/article/4031650-nevsun-resources-significant-earning-potential>
with
their article: “Nevsun Resources: Significant Earning Potential” published
on December 20, 2016, Seekingalpha.com
<
http://seekingalpha.com/article/4012779-nevsun-resources-expecting> published:
“Nevsun Resources: I Was Not Expecting This” on October 18, 2016. More
interesting news about Nevsun Resources (TSE:NSU) were released by:
Seekingalpha.com
<
http://seekingalpha.com/article/3983099-nevsun-resources-buy-fridays-crash>
and
their article: “Nevsun Resources – I Would Buy After Friday’s Crash”
published on June 20, 2016 as well as Qz.com
<
http://qz.com/794955/eritrean-workers-are-suing-nevsun-resources-a-canadian-mining-company-for-using-them-as-forced-labor/>‘s
news article titled: “Eritrean workers are suing a Canadian mining company
for using them as forced …” with publication date: September 29, 2016.
Nevsun Resources Ltd is a Canada-based base metals mining company. The
company has a market cap of $1.22 billion. The Firm is engaged in the
acquisition, exploration, development and operation of mineral property
interests. It has a 37.18 P/E ratio. The Company’s segment is the mining
business in Africa.
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Received on Mon Jan 09 2017 - 13:51:14 EST