The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 478,577 shares traded hands. Nevsun Resources (TSE:NSU) has declined 11.14% since March 14, 2016 and is downtrending. It has underperformed by 16.68% the S&P500.
The move comes after 8 months negative chart setup for the $1.20B company. It was reported on Oct, 19 by Barchart.com. We have $3.60 PT which if reached, will make TSE:NSU worth $72.00M 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 34.20% above today’s ($3.83) stock price. Nevsun Resources has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Nevsun Resources (TSE:NSU) on Wednesday, December 2 with “Sector Perform” rating. The stock of Nevsun Resources (TSE:NSU) has “Buy” rating given on Friday, July 29 by TD Securities. The company was maintained on Friday, July 22 by RBC Capital Markets. The firm has “Sector Perform” rating given on Friday, January 15 by RBC Capital Markets. On Friday, August 19 the stock rating was maintained by Scotia Capital with “Sector Perform”.
More notable recent Nevsun Resources (TSE:NSU) news were published by: Seekingalpha.com which released: “Nevsun Resources: I Was Not Expecting This” on October 18, 2016, also Reuters.com with their article: “Nevsun Resources to buy Reservoir Minerals for $365 million” published on April 25, 2016, Qz.com published: “Eritrean workers are suing a Canadian mining company for using them as forced …” on September 29, 2016. More interesting news about Nevsun Resources (TSE:NSU) were released by: Fool.com and their article: “Why Ariad Pharmaceuticals, Nevsun Resources, and Ctrip.com International …” published on June 17, 2016 as well as Seekingalpha.com‘s news article titled: “Nevsun Resources – Continued Immense Growth Potential” with publication date: September 23, 2016.
Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.20 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 33.57 P/E ratio. The Company’s segment is the mining business in Africa.
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