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(American Banking News) Eight Capital Increases Nevsun Resources (NSU) Price Target to C$5

Posted by: Semere Asmelash

Date: Friday, 15 June 2018

 

Eight Capital Increases Nevsun Resources (NSU) Price Target to C$5.0a

Posted by ABMN Staff on Jun 15th, 2018 


Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) had its price objective upped by analysts at Eight Capital from C$4.75 to C$5.00 in a report issued on Friday. Eight Capital’s price target indicates a potential upside of 15.74% from the company’s current price.

A number of other equities research analysts also recently issued reports on NSU. Scotiabank reaffirmed an “outperform” rating and issued a C$4.00 price objective on shares of Nevsun Resources in a research report on Monday, March 5th. TD Securities upped their price objective on shares of Nevsun Resources from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research report on Friday, April 27th. Canaccord Genuity upped their price objective on shares of Nevsun Resources from C$3.50 to C$4.00 in a research report on Monday, April 30th. Finally, Raymond James upped their price objective on shares of Nevsun Resources from C$3.50 to C$4.00 and gave the stock a “market perform” rating in a research report on Monday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$4.28.
NSU stock traded down C$0.08 during trading on Friday, reaching C$4.32. The stock had a trading volume of 306,584 shares, compared to its average volume of 877,276. Nevsun Resources has a one year low of C$2.49 and a one year high of C$4.93.
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last issued its quarterly earnings data on Thursday, April 26th. The basic materials company reported C($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.04). Nevsun Resources had a negative return on equity of 18.80% and a negative net margin of 43.87%. The firm had revenue of C$134.94 million during the quarter.

Nevsun Resources Company Profile

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

Analyst Recommendations for Nevsun Resources (TSE:NSU)


Eight Capital Increases Nevsun Resources (NSU) Price Target to C ...





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