Hot Stock to Watch: Nevsun Resources Ltd. (NYSEMKT:NSU)
Nevsun Resources Ltd. (NYSEMKT:NSU)
Canaccord Genuity Downgrades Nevsun Resources Ltd. (NYSEMKT:NSU)’s stock to Hold with no specific Price Target
. This rating was issued on 10/24/16. The stock recently closed its previous session at $2.51 by showing a percentage change of -5.28% from its previous day closing price of $2.65.
Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Nevsun Resources Ltd. (NYSEMKT:NSU) in which RBC Capital Upgrades Nevsun Resources Ltd. (NYSEMKT:NSU) to Outperform with no specific Price Target on 4/27/16. Raymond James Downgrades the stock to Market Perform on 12/04/15 with no specific Price Target. Canaccord Genuity Maintains the company’s stock to Hold on 8/09/12 by setting a price target of $4.
Nevsun Resources Ltd. (NYSEMKT:NSU) currently has a consensus Price Target of $4.01. While some analysts have a High Price target for the stock of $4.2 and a Low Price Target of $3.63.
Several sell side analysts reviewed their recommendations on Nevsun Resources Ltd.
(NYSEMKT:NSU) where 0 analyst have rated the stock as Strong Buy, 2 analysts said it’s a Buy, 1 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research
also rated the stock with a value of 2.5. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
Nevsun Resources Ltd. (NYSEMKT:NSU) has a market capitalization of 754.05 Million. The stock traded with the volume of 1.51 Million shares in the last trading session. The stock touched its high share price of $3.8 on Apr 22, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Feb 24, 2017 as $2.29. The company has a 1 Year high price target of $4.01. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -17.84%. The Moving Average SMA50 is -20.53% while SMA200 is -18.28%.
Nevsun Resources Ltd. (NYSEMKT:NSU) is currently showing its ROA (Return on Assets) of 0.9%. The Return on Investment (ROI) is at 3.4% while it’s Return on Equity (ROE) value stands at 1.3%. The stock currently shows its YTD (Year to Date) performance of -18.77 percent while its Weekly performance value is -17.16%. The Monthly and Yearly performances are -21.32 percent and -19.34 percent respectively. The Relative Volume value measured for Nevsun Resources Ltd. (NYSEMKT:NSU) is 1.47. The Average Volume (3 months) is 1.03 Million.
The stock currently has its Annual Dividend of $0.16 and an annual Dividend Yield of 6.37 Percent. NSU has P/E (Price to Earnings ttm) value of 29.53, Forward P/E of 37.46, P/C (Price to cash per share) of 4.1 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of 23.6 percent.
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.