The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 274,729 shares traded hands. Nevsun Resources (TSE:NSU) has declined 21.13% since March 10, 2016 and is downtrending. It has underperformed by 26.74% the S&P500.
The move comes after 8 months positive chart setup for the $1.13 billion company. It was reported on Oct, 17 by Barchart.com. We have $6.08 PT which if reached, will make TSE:NSU worth $700.60M more.
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 37.07% above today’s ($3.75) stock price. Nevsun Resources has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Friday, August 19 with “Sector Perform”. As per Friday, January 15, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of NSU in a report on Friday, July 22 with “Outperform” rating. TD Securities maintained it with “Buy” rating and $5.50 target price in Friday, July 29 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, December 2 report.
More notable recent Nevsun Resources (TSE:NSU) news were published by: Juniorminingnetwork.com which released: “Nevsun Resources Drills 6.4% Copper and 3.2 g/t Gold Over 248 Metres at Timok …” on October 17, 2016, also Qz.com with their article: “Eritrean workers are suing a Canadian mining company for using them as forced …” published on September 29, 2016, Fool.com published: “Why Ariad Pharmaceuticals, Nevsun Resources, and Ctrip.com International …” on June 17, 2016. More interesting news about Nevsun Resources (TSE:NSU) were released by: Seekingalpha.com and their article: “Nevsun Resources – Continued Immense Growth Potential” published on September 23, 2016 as well as Seekingalpha.com‘s news article titled: “Nevsun Resources: Bullish View Confirmed” with publication date: August 03, 2016.
Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.13 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 32.79 P/E ratio. The Company’s segment is the mining business in Africa.
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