Nevsun Resources (TSE:NSU) (TSE:NSU) Director Anne Elizabeth Giardini purchased 30,000 shares of Nevsun Resources stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of C$3.09 per share, for a total transaction of C$92,700.00.
Anne Elizabeth Giardini also recently made the following trade(s):
- On Wednesday, May 10th, Anne Elizabeth Giardini purchased 46,000 shares of Nevsun Resources stock. The shares were purchased at an average price of C$3.15 per share, for a total transaction of C$144,900.00.
Nevsun Resources (TSE:NSU) traded up 0.97% during trading on Wednesday, hitting $3.12. 650,502 shares of the stock traded hands. The stock has a market cap of $942.16 million and a PE ratio of 445.71. Nevsun Resources has a 12 month low of $2.83 and a 12 month high of $4.63. The company has a 50-day moving average price of $3.27 and a 200-day moving average price of $3.82.
Nevsun Resources (TSE:NSU) last announced its quarterly earnings data on Thursday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $36.19 million for the quarter. Equities research analysts expect that Nevsun Resources will post $0.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.28%.
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Several large investors have recently made changes to their positions in NSU. Sprott Inc. boosted its stake in shares of Nevsun Resources by 298.1% in the third quarter. Sprott Inc. now owns 10,469,054 shares of the basic materials company’s stock worth $31,721,000 after buying an additional 7,839,628 shares during the period. Allianz Asset Management AG boosted its stake in shares of Nevsun Resources by 4.8% in the fourth quarter. Allianz Asset Management AG now owns 483,004 shares of the basic materials company’s stock worth $1,494,000 after buying an additional 22,264 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of Nevsun Resources during the first quarter worth about $125,000. U S Global Investors Inc. raised its stake in Nevsun Resources by 26.9% in the third quarter. U S Global Investors Inc. now owns 433,900 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 92,100 shares in the last quarter. Finally, Vertex One Asset Management Inc. purchased a new stake in Nevsun Resources during the fourth quarter worth approximately $2,166,000.
NSU has been the subject of several research reports. Paradigm Capital dropped their price objective on shares of Nevsun Resources from C$7.70 to C$6.50 in a research note on Monday, February 27th. TD Securities dropped their price objective on shares of Nevsun Resources from C$5.50 to C$5.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Canaccord Genuity raised shares of Nevsun Resources from a “hold” rating to a “buy” rating in a research note on Friday, February 24th. BMO Capital Markets initiated coverage on shares of Nevsun Resources in a research note on Wednesday, February 1st. They issued a “market perform” rating and a C$4.75 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Nevsun Resources in a research note on Monday, April 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$4.97.
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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