Date: Monday, 12 December 2016
http://www.financial-market-news.com/nevsun-resources-nsu-receives-c5-19-average-pt-from-analysts/1225942/ Nevsun Resources (NSU) Receives C$5.19 Average PT from Analysts December 12th, 2016 - By Don March Shares of Nevsun Resources (TSE:NSU) (TSE:NSU) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the stock. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$5.19. A number of research firms have recently weighed in on NSU. Scotiabank reaffirmed a “sector perform” rating and issued a C$4.50 price target on shares of Nevsun Resources in a research note on Monday, November 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of Nevsun Resources in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.50 price target on the stock in a research note on Thursday, August 25th. Raymond James Financial Inc. dropped their price target on shares of Nevsun Resources from C$5.00 to C$4.50 and set a “market perform” rating on the stock in a research note on Wednesday, October 5th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$5.50 price target on shares of Nevsun Resources in a research note on Friday, October 28th. Nevsun Resources (TSE:NSU) opened at 4.34 on Wednesday. Nevsun Resources has a 1-year low of $3.27 and a 1-year high of $4.81. The company has a 50 day moving average price of $4.05 and a 200 day moving average price of $4.05. The firm has a market cap of $1.30 billion and a PE ratio of 58.65. Nevsun Resources (TSE:NSU) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The company earned $22.90 million during the quarter, compared to analyst estimates of $22.50 million. On average, equities research analysts forecast that Nevsun Resources will post $0.07 earnings per share for the current year. In other Nevsun Resources news, Director Gary Edward German sold 20,000 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of C$3.72, for a total transaction of C$74,400.00. Large investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Nevsun Resources by 16.7% in the second quarter. Barclays PLC now owns 35,000 shares of the company’s stock valued at $103,000 after buying an additional 5,000 shares in the last quarter. TFS Capital LLC increased its stake in shares of Nevsun Resources by 51.3% in the second quarter. TFS Capital LLC now owns 38,466 shares of the company’s stock valued at $113,000 after buying an additional 13,041 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Nevsun Resources by 147.1% in the second quarter. Paloma Partners Management Co now owns 48,000 shares of the company’s stock valued at $141,000 after buying an additional 28,577 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Nevsun Resources by 17.8% in the third quarter. Great West Life Assurance Co. Can now owns 48,397 shares of the company’s stock valued at $146,000 after buying an additional 7,321 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Nevsun Resources during the second quarter valued at about $147,000. Nevsun Resources Company Profile Nevsun Resources Ltd. is a mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company’s segment is the mining business in Africa. The Company’s principal property is the Bisha Property which hosts a gold, copper and zinc deposit, and includes satellite volcanogenic massive sulfides (VMS) deposits at Harena, Northwest, Hambok, Aderat and Asheli.
