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Sportsperspectives.com/ FY2018 EPS Estimates for Nevsun Resources Boosted by Analyst (NSU)

Posted by: Semere Asmelash

Date: Saturday, 18 November 2017

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FY2018 EPS Estimates for Nevsun Resources Boosted by Analyst (NSU)

Posted by  on Nov 18th, 2017 
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) – Haywood Securities increased their FY2018 EPS estimates for shares of Nevsun Resources in a report released on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the basic materials company will post earnings per share of $0.06 for the year, up from their previous forecast of $0.05.
Other analysts have also issued research reports about the stock. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Nevsun Resources in a research report on Tuesday, August 15th. BMO Capital Markets lowered shares of Nevsun Resources from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$4.00 to C$3.25 in a research report on Wednesday, August 16th. Scotiabank raised shares of Nevsun Resources from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective on the stock in a research report on Friday, September 8th. Eight Capital reissued a “neutral” rating on shares of Nevsun Resources in a research report on Thursday, August 17th. Finally, TD Securities lowered shares of Nevsun Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$5.00 to C$4.00 in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$4.31.
Shares of Nevsun Resources (NSU) opened at C$2.98 on Friday. Nevsun Resources has a 1 year low of C$2.49 and a 1 year high of C$4.63.
In other news, insider Peter Gerald Jan Kukielski acquired 105,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of C$2.62 per share, with a total value of C$275,100.00. Also, insider Scott Trebilcock acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of C$2.82 per share, with a total value of C$112,800.00.
A number of institutional investors and hedge funds have recently bought and sold shares of NSU. Vanguard Group Inc. lifted its position in Nevsun Resources by 5.5% during the first quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock worth $14,276,000 after purchasing an additional 292,766 shares during the period. Aperio Group LLC lifted its position in Nevsun Resources by 2.7% during the second quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 4,332 shares during the period. Deprince Race & Zollo Inc. lifted its position in Nevsun Resources by 36.9% during the second 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 period. Tocqueville Asset Management L.P. bought a new stake in Nevsun Resources during the second quarter worth about $811,000. Finally, Swiss National Bank lifted its position in Nevsun Resources by 6.1% during the second quarter. Swiss National Bank now owns 523,000 shares of the basic materials company’s stock worth $1,263,000 after purchasing an additional 30,300 shares during the period.
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.
Earnings History and Estimates for Nevsun Resources (TSE:NSU)

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