Dehai News

(The Cerbat Gem Investing News) Nevsun Resources (NSU) Earning Somewhat Negative Press Coverage, Report Shows

Posted by: Semere Asmelash

Date: Wednesday, 26 April 2017

Nevsun Resources (NSU) Earning Somewhat Negative Press Coverage, Report Shows

Nevsun Resources (NSU) Earning Somewhat Negative Press Coverage, Report Shows
Shares of Nevsun Resources (TSE:NSU) opened at 3.20 on Wednesday. The company has a 50-day moving average of $3.32 and a 200 day moving average of $3.87. The firm has a market cap of $965.98 million and a PE ratio of 80.00. Nevsun Resources has a one year low of $3.01 and a one year high of $4.81.

Nevsun Resources (TSE:NSU) last issued its earnings results on Thursday, February 23rd. The basic materials company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business earned $36.19 million during the quarter. On average, equities research analysts expect that Nevsun Resources will post $0.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Friday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 29th.

In related news, Director Ian Pearce bought 29,500 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were purchased at an average cost of C$2.50 per share, with a total value of C$73,750.00. Also, insider Joseph Paul Giuffre bought 18,500 shares of the company’s stock in a transaction on Monday, February 27th. The stock was bought at an average cost of C$3.51 per share, for a total transaction of C$64,935.00. Insiders acquired 58,000 shares of company stock worth $171,485 over the last ninety days.

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.



Hdri Media Books on Amazon.com
visit hdrimedia.com

Eritv

Latest Video


Interview with Yemane Gebreab on migrants, Ethiopia, Djibouti and the future of Eritrea