Analyst Upgrades – Nevsun Resources (TSE:NSU) Stock Gets Upgraded By BMO Capital Markets from Market Perform to Outperform
Today, Nevsun Resources (TSE:NSU) stock received an upgrade by BMO Capital Markets from Market Perform to Outperform with a price target of C$4.25.
There are 2 hold ratings, 4 buy ratings on the stock.
The current consensus rating on Nevsun Resources (TSE:NSU) is Buy (Score: 2.67) with a consensus target price of C$5.28 per share, a potential .
Some recent analyst ratings include
- 3/24/2017-BMO Capital Markets Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
- 2/24/2017-Canaccord Genuity Upgrade from a “Hold ” rating to a ” Buy” rating.
About Nevsun Resources (TSE:NSU)
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. The Company’s principal mining operation is the Bisha Mine, an open pit copper-zinc mine. The Company owns the Mogoraib River Exploration License, which covers an area of approximately 41.1 square kilometers. The Bisha Mine is located approximately 150 kilometers west of Asmara, over 40 kilometers southwest of the regional town of Akurdat and approximately 50 kilometers north of Barentu, the regional or zone Administration Centre of the GashBarka District, in Eritrea. The Company also develops the Timok copper and gold project, which is located in Serbia.
Recent Trading Activity for Nevsun Resources (TSE:NSU)
Shares of Nevsun Resources closed the previous trading session at 3.38 up +0.07 2.11% with 2,949,208 shares trading hands.
Nevsun Resources Ltd. (NYSE:NSU) tries to make charm in street, as shares traded at $2.47 with climbs of 1.23% in last trading session. Nevsun Resources (NSU) reported that updated mineral resource estimates effective December 31, 2016, for the Bisha, Harena and Asheli deposits in Eritrea. Surged Harena Inferred resources by nearly 130% to 25 million tonnes grading 0.93% copper, 4.76% zinc, 0.8 g/t gold and 31 g/t silver. Harena remains open with further drilling ongoing in 2017.
Maiden Inferred resource for Ashelitotalling 2.4 million tonnes grading 1.86% copper, 8.59% zinc, 0.4 g/t gold, and 30 g/t silver. Additional targets immediately along strike of Asheli presently being evaluated. Surged Bisha district Inferred resources by over 100% to 31 million tonnes containing 667 million pounds copper, 3.3 billion pounds zinc, 780 thousand ounces gold, and 30 million ounces silver The firm has annual sales growth for the past five year of -15.90%. While past twelve months price to sales ratio recorded as 3.23 and price to cash ratio remained 3.74.