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(SportsPerspectives.com) Joseph Paul Giuffre Purchases 10,000 Shares of Nevsun Resources (NSU) Stock

Posted by: Biniam Tekle

Date: Sunday, 21 May 2017


Joseph Paul Giuffre Purchases 10,000 Shares of Nevsun Resources (NSU) Stock

Posted by  on May 20th, 2017 



Posted by Wayne Landers 

Nevsun Resources (TSE:NSU) (TSE:NSU) insider Joseph Paul Giuffre purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were purchased at an average price of C$2.92 per share, with a total value of C$29,200.00.

Joseph Paul Giuffre also recently made the following trade(s):on May 20th, 2017

  • On Monday, February 27th, Joseph Paul Giuffre bought 18,500 shares of Nevsun Resources stock. The stock was bought at an average cost of C$3.51 per share, with a total value of C$64,935.00.

Shares of Nevsun Resources (TSE:NSU) traded up 4.98% during mid-day trading on Friday, hitting $3.37. The stock had a trading volume of 840,833 shares. The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 481.43. Nevsun Resources has a one year low of $2.83 and a one year high of $4.63. The firm has a 50 day moving average of $3.23 and a 200 day moving average of $3.79.

Nevsun Resources (TSE:NSU) last issued its earnings results on Thursday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $36.19 million for the quarter. On average, analysts forecast that Nevsun Resources will post $0.01 earnings per share for the current year.

Insider Buying and Selling by Quarter for Nevsun Resources (TSE:NSU)

A number of research analysts recently commented on NSU shares. Royal Bank of Canada reduced their price target on Nevsun Resources from C$6.50 to C$5.50 and set an “outperform (spec)” rating for the company in a report on Monday, February 27th. BMO Capital Markets started coverage on Nevsun Resources in a report on Wednesday, February 1st. They issued a “market perform” rating and a C$4.75 price target for the company. TD Securities reduced their price target on Nevsun Resources from C$6.00 to C$5.50 and set a “buy” rating for the company in a report on Friday, February 24th. Scotiabank reduced their target price on Nevsun Resources from C$5.00 to C$4.25 and set a “sector perform” rating on the stock in a report on Friday, February 24th. Finally, Canaccord Genuity raised Nevsun Resources from a “hold” rating to a “buy” rating in a report on Friday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nevsun Resources currently has a consensus rating of “Buy” and a consensus target price of C$4.97.

Several hedge funds have recently modified their holdings of NSU. Sprott Inc. raised its stake in shares of Nevsun Resources by 298.1% in the third quarter. Sprott Inc. now owns 10,469,054 shares of the basic materials company’s stock worth $31,721,000 after buying an additional 7,839,628 shares in the last quarter. FIL Ltd increased its stake in Nevsun Resources by 75.8% in the first quarter. FIL Ltd now owns 9,542,826 shares of the basic materials company’s stock valued at $24,536,000 after buying an additional 4,113,409 shares during the last quarter. Wells Fargo & Company MN increased its stake in Nevsun Resources by 1,523.6% in the first quarter. Wells Fargo & Company MN now owns 2,827,905 shares of the basic materials company’s stock valued at $7,240,000 after buying an additional 2,653,735 shares during the last quarter. Jennison Associates LLC increased its stake in Nevsun Resources by 51.4% in the first quarter. Jennison Associates LLC now owns 5,437,404 shares of the basic materials company’s stock valued at $13,964,000 after buying an additional 1,845,017 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Nevsun Resources by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 6,207,600 shares of the basic materials company’s stock valued at $19,180,000 after buying an additional 1,115,800 shares during the last quarter.

Nevsun Resources Company Profile

Nevsun Resources Ltd. is a base metals company. The Company’s two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli.

12 Month Chart for TSE:NSU



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