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(FairFieldCurrent) Nevsun Resources (NSU) Receives C$5.14 Consensus Price Target from Analysts

Posted by: Semere Asmelash

Date: Tuesday, 28 August 2018

Nevsun Resources (NSU) Receives C$5.14 Consensus Price Target from Analysts


Posted by Darrell McKinsey on Aug 28th, 2018



Shares of Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.14.

Several research firms recently issued reports on NSU. Eight Capital upped their target price on Nevsun Resources from C$4.75 to C$5.00 in a research report on Friday, June 15th. Raymond James increased their price target on Nevsun Resources from C$3.50 to C$4.00 and gave the stock a “market perform” rating in a research report on Monday, April 30th. Cormark increased their price target on Nevsun Resources from C$5.25 to C$5.50 in a research report on Wednesday, June 27th. Canaccord Genuity increased their price target on Nevsun Resources from C$3.50 to C$4.00 in a research report on Monday, April 30th. Finally, Royal Bank of Canada increased their price target on Nevsun Resources from C$4.00 to C$5.00 and gave the stock a “sector perform” rating in a research report on Friday, June 15th.


Shares of TSE NSU traded down C$0.02 during mid-day trading on Friday, hitting C$4.80. The stock had a trading volume of 189,887 shares, compared to its average volume of 1,084,116. Nevsun Resources has a twelve month low of C$2.50 and a twelve month high of C$5.07.

Nevsun Resources Company Profile

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

Analyst Recommendations for Nevsun Resources (TSE:NSU)

Nevsun Resources (NSU) Receives C$5.14 Consensus Price Target ...


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