The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 323,601 shares traded hands. Nevsun Resources (TSE:NSU) has risen 0.94% since June 1, 2016 and is uptrending. It has underperformed by 7.53% the S&P500.
The move comes after 8 months negative chart setup for the $1.22B company. It was reported on Jan, 9 by Barchart.com. We have $3.91 PT which if reached, will make TSE:NSU worth $85.40 million less.

Nevsun Resources (TSE:NSU) Ratings Coverage

Out of 7 analysts covering Nevsun Resources (TSE:NSU), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $6.50 is the highest target while $4 is the lowest. The $5.14 average target is 22.38% above today’s ($4.2) stock price. Nevsun Resources has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TD Securities given on Friday, October 28. Scotia Capital maintained it with “Sector Perform” rating and $5 target price in Friday, August 19 report. The firm earned “Sector Perform” rating on Monday, November 28 by Scotia Capital. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating by Canaccord Genuity given on Monday, October 24. The stock of Nevsun Resources (TSE:NSU) has “Outperform” rating given on Friday, July 22 by RBC Capital Markets. The company was maintained on Wednesday, December 2 by RBC Capital Markets. The rating was maintained by TD Securities on Friday, July 29 with “Buy”.

More notable recent Nevsun Resources (TSE:NSU) news were published by: Juniorminingnetwork.com which released: “Nevsun Resources Announces Two New Director Appointments and 2017 CEO …” on January 03, 2017, also Seekingalpha.com with their article: “Nevsun Resources: Significant Earning Potential” published on December 20, 2016, Seekingalpha.com published: “Nevsun Resources: I Was Not Expecting This” on October 18, 2016. More interesting news about Nevsun Resources (TSE:NSU) were released by: Seekingalpha.com and their article: “Nevsun Resources – I Would Buy After Friday’s Crash” published on June 20, 2016 as well as Qz.com‘s news article titled: “Eritrean workers are suing a Canadian mining company for using them as forced …” with publication date: September 29, 2016.

Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.22 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 37.18 P/E ratio. The Company’s segment is the mining business in Africa.