Date: Sunday, 11 March 2018
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.
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.