Date: Monday, 24 April 2017
Media stories about Nevsun Resources (TSE:NSU) (TSE:NSU) have been trending very positive recently, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nevsun Resources earned a coverage optimism score of 0.56 on AlphaOne’s scale. AlphaOne also assigned press coverage about the basic materials company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
Shares of Nevsun Resources (TSE:NSU) opened at 3.25 on Monday. The stock’s 50 day moving average is $3.32 and its 200 day moving average is $3.88. The stock has a market capitalization of $981.07 million and a price-to-earnings ratio of 81.25. Nevsun Resources has a 1-year low of $3.01 and a 1-year high of $4.81.
Nevsun Resources (TSE:NSU) last announced its quarterly earnings results on Thursday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.04. The business had revenue of $36.19 million for the quarter. On average, equities analysts forecast that Nevsun Resources will post $0.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Friday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, March 29th.
NSU has been the topic of several recent research reports. Royal Bank of Canada lowered their price target on shares of Nevsun Resources from C$6.50 to C$5.50 and set an “outperform (spec)” rating on the stock in a report on Monday, February 27th. BMO Capital Markets initiated coverage on shares of Nevsun Resources in a report on Wednesday, February 1st. They issued a “market perform” rating and a C$4.75 price target on the stock. TD Securities lowered their price target on shares of Nevsun Resources from C$6.00 to C$5.50 and set a “buy” rating on the stock in a report on Friday, February 24th. Scotiabank lowered their target price on shares of Nevsun Resources from C$5.00 to C$4.25 and set a “sector perform” rating on the stock in a research note on Friday, February 24th. Finally, Canaccord Genuity raised shares of Nevsun Resources from a “hold” rating to a “buy” rating in a research note 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. The stock presently has an average rating of “Buy” and a consensus target price of C$5.03.
In other Nevsun Resources news, insider Joseph Paul Giuffre purchased 18,500 shares of Nevsun Resources stock in a transaction on Monday, February 27th. The shares were bought at an average price of C$3.51 per share, with a total value of C$64,935.00. Also, Director Ian Pearce purchased 29,500 shares of Nevsun Resources stock in a transaction on Thursday, March 9th. The stock was acquired at an average cost of C$2.50 per share, for a total transaction of C$73,750.00. Insiders acquired 58,000 shares of company stock worth $171,485 in the last ninety days.
About Nevsun Resources
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.
Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with MarketBeat.com's FREE daily email newsletter.