https://www.thecerbatgem.com/2017/02/06/nevsun-resources-nsu-research-coverage-started-at-bmo-capital-markets.html
Nevsun Resources (NSU) Research Coverage Started at BMO Capital Markets
February 6th, 2017 - By Doug Wharley -
BMO Capital Markets initiated coverage on shares of Nevsun Resources (TSE:NSU) (TSE:NSU) in a research report released on Wednesday morning. The firm issued a market perform rating and a C$4.75 price objective on the stock.
Several other equities research analysts have also issued reports on the stock. Canaccord Genuity lowered shares of Nevsun Resources from a buy rating to a hold rating and decreased their price target for the stock from C$5.00 to C$4.50 in a research note on Monday, October 24th. Zacks Investment Research upgraded shares of Nevsun Resources from a hold rating to a buy rating and set a C$3.00 price target for the company in a research note on Thursday, October 6th. Raymond James Financial, Inc. decreased their price target on shares of Nevsun Resources from C$5.00 to C$4.50 and set a market perform rating for the company in a research note on Wednesday, October 5th. TD Securities restated a buy rating and set a C$5.50 price target on shares of Nevsun Resources in a research note on Friday, October 28th. Finally, Scotiabank restated a sector perform rating and set a C$4.50 price target on shares of Nevsun Resources in a research note on Monday, November 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nevsun Resources presently has an average rating of Buy and a consensus target price of C$5.22.
Nevsun Resources (TSE:NSU) opened at 4.06 on Wednesday. Nevsun Resources has a 12 month low of $3.55 and a 12 month high of $4.81. The firm has a market capitalization of $1.22 billion and a P/E ratio of 54.86. The firm’s 50-day moving average is $4.31 and its 200 day moving average is $4.11.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Wednesday, December 28th.
Several hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Nevsun Resources by 16.7% in the second quarter. Barclays PLC now owns 35,000 shares of the company’s stock valued at $103,000 after buying an additional 5,000 shares during the period. TFS Capital LLC boosted its position in shares of Nevsun Resources by 51.3% in the second quarter. TFS Capital LLC now owns 38,466 shares of the company’s stock worth $113,000 after buying an additional 13,041 shares during the last quarter. Paloma Partners Management Co boosted its position in shares of Nevsun Resources by 147.1% in the second quarter. Paloma Partners Management Co now owns 48,000 shares of the company’s stock worth $141,000 after buying an additional 28,577 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Nevsun Resources by 17.8% in the third quarter. Great West Life Assurance Co. Can now owns 48,397 shares of the company’s stock worth $146,000 after buying an additional 7,321 shares during the last quarter. Finally, BARING ASSET MANAGEMENT Ltd boosted its position in shares of Nevsun Resources by 14.5% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 71,580 shares of the company’s stock worth $216,000 after buying an additional 9,084 shares during the last quarter.
Nevsun Resources Company Profile
Nevsun Resources Ltd is a Canada-based base metals mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its segment is the mining business in Africa. Its principal property is the Bisha Property, which hosts a gold, copper and zinc deposit, and includes satellite volcanogenic massive sulfides (VMS) deposits at Harena, Northwest, Hambok, Aderat and Asheli.
Received on Mon Feb 06 2017 - 12:11:56 EST