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( The Ledger Gazette) 1,105,000 Shares in Nevsun Resources (NSU) Purchased by Mackenzie Financial Corp

Posted by: Semere Asmelash

Date: Sunday, 11 March 2018

1,105,000 Shares in Nevsun Resources (NSU) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in Nevsun Resources (NYSEAMERICAN:NSU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,105,000 shares of the company’s stock, valued at approximately $2,696,000. Mackenzie Financial Corp owned 0.37% of Nevsun Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of Nevsun Resources during the fourth quarter valued at approximately $441,000. Virtu Financial LLC raised its holdings in shares of Nevsun Resources by 873.9% during the fourth quarter. Virtu Financial LLC now owns 193,363 shares of the company’s stock valued at $472,000 after acquiring an additional 173,509 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Nevsun Resources by 40.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 347,847 shares of the company’s stock valued at $849,000 after acquiring an additional 99,334 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Nevsun Resources by 2,773.4% during the third quarter. Allianz Asset Management GmbH now owns 390,000 shares of the company’s stock valued at $842,000 after acquiring an additional 376,427 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Nevsun Resources during the fourth quarter valued at approximately $1,322,000.

Shares of Nevsun Resources (NYSEAMERICAN:NSU) opened at $2.35 on Friday. Nevsun Resources has a fifty-two week low of $1.96 and a fifty-two week high of $2.77. The company has a market capitalization of $673.50, a P/E ratio of -8.39 and a beta of 0.63.

NSU has been the subject of a number of research analyst reports. Zacks Investment Research raised Nevsun Resources from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Wednesday, January 3rd. Macquarie raised Nevsun Resources from a “neutral” rating to an “outperform” rating in a report on Monday, November 13th.

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.

Institutional Ownership by Quarter for Nevsun Resources (NYSEAMERICAN:NSU)





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