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Business
Steady Activities: Nevsun Resources Ltd. (NYSEMKT:NSU)
By Lauren Corfield - January 13, 2017
Nevsun Resources Ltd. (NYSEMKT:NSU) traded with the volume of 1.24 Million in the previous trading session. The Stock opened its session at $3.39 and closed at $3.44 by showing increase of 3.61 percent. Nevsun Resources Ltd. has 1 year price target of $4.32. The stock gained a consensus recommendation of 2.5 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company reported its last quarter on Sep 16.
The 10 analysts offering 12-month price forecasts for Nevsun Resources Ltd have a median target of 4.09, with a high estimate of 5.86 and a low estimate of 3.36. The median estimate represents a +18.83% increase from the last price of 3.44. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Nevsun Resources Ltd. where they believe that the company has the potential to earn average revenue of $41 Million for the current quarter. According to their predictions High & Low revenue estimates are 41 Million and 41 Million respectively.
Nevsun Resources Ltd. (NYSEMKT:NSU) topped its 52-week high price of $3.8 on Apr 22, 2016 and 52-Week Low Price of $2.27 on Jan 20, 2016. The Stock currently has the market capitalization of $1.07 Billion, P/E (price to earnings ttm) of 40.47 and Weekly volatility of 3.33% and monthly volatility of 3.17% respectively.
Nevsun Resources Ltd. is currently showing -36.4% EPS growth this year. The Next Year EPS growth is -57.1%, Long term annual growth estimate of -16.5%, Annual EPS growth past 5 years of -36.82 percent. The Company currently has Insider ownership of 0.7 Percent and Institutional Ownership of 73.8 Percent. The Return on Assets stands at 1.5%, Return on Equity shows 2.2% and Return on Investment value is 6.6%.
Nevsun Resources Ltd. Gross Margin percentage stands at 40.4% while its Operating Margin for trailing twelve month is 28.6 percent and Profit margin (ttm) is 7 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 10.96% with the 50-Day Simple Moving Average of 10.96 percent. Currently, the company has SMA200 (200-day simple moving average) of 11.46 Percent. The Stock has YTD (year to date) performance of 11.33 percent.
Company Profile:
NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa.
Received on Fri Jan 13 2017 - 11:53:19 EST