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(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.

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