Dehai News

(The Ledger Gazette) Royal Bank of Canada Boosts Position in Nevsun Resources (NSU)

Posted by: Semere Asmelash

Date: Monday, 06 November 2017




Royal Bank of Canada Boosts Position in Nevsun Resources (NSU)


Posted by Sebastian Weber on Nov 6th, 2017

Royal Bank of Canada increased its position in shares of Nevsun Resources (TSE:NSU) (TSE:NSU) by 505.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 980,600 shares of the basic materials company’s stock after buying an additional 818,703 shares during the quarter. Royal Bank of Canada owned about 0.33% of Nevsun Resources worth $2,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aperio Group LLC grew its stake in shares of Nevsun Resources by 2.7% in the second quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 4,332 shares in the last quarter. FIL Ltd grew its stake in shares of Nevsun Resources by 10.0% in the second quarter. FIL Ltd now owns 10,492,649 shares of the basic materials company’s stock worth $25,323,000 after acquiring an additional 949,823 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Nevsun Resources by 14.9% in the second quarter. Franklin Resources Inc. now owns 10,722,600 shares of the basic materials company’s stock worth $25,893,000 after acquiring an additional 1,387,500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nevsun Resources by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock worth $14,276,000 after acquiring an additional 292,766 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Nevsun Resources by 36.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 232,720 shares of the basic materials company’s stock worth $561,000 after purchasing an additional 62,720 shares during the last quarter.
A number of brokerages recently weighed in on NSU. Canaccord Genuity boosted their price target on shares of Nevsun Resources from C$3.25 to C$4.50 in a research report on Monday, October 30th. Eight Capital raised shares of Nevsun Resources from a “neutral” rating to a “buy” rating and upped their target price for the company from C$2.25 to C$4.25 in a report on Monday, October 30th. Royal Bank Of Canada boosted their price target on shares of Nevsun Resources from C$4.00 to C$5.00 in a research note on Monday, October 30th. TD Securities upgraded shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.75 price target on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Nevsun Resources from a “hold” rating to a “sell” rating in a research note on Saturday, October 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Nevsun Resources presently has an average rating of “Hold” and a consensus target price of C$4.16.
Nevsun Resources (TSE:NSU) opened at C$3.04 on Monday. Nevsun Resources has a one year low of C$2.49 and a one year high of C$4.63.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, September 28th.
In related news, insider Scott Trebilcock acquired 40,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of C$2.82 per share, with a total value of C$112,800.00. Also, insider Peter Gerald Jan Kukielski purchased 105,000 shares of Nevsun Resources stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of C$2.62 per share, for a total transaction of C$275,100.00.
Nevsun Resources 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.
Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)

ERi-TV Tigrinya news, November 21, 2017

Hdri Media Books

Hdrimedia beforeshe
Hdrimedia erihistory
Hdrimedia fennkil
Hdrimedia mekeyro
Hdrimedia mieras
Hdrimedia tedegol
Hdrimedia theroadstoasmara
Hdrimedia dejen
Hdrimedia gedlidekenstyo
Hdrimedia fromnakfa