Nevsun Resources Can’t Be More Safe. Trades Significantly Higher

 Nevsun Resources Can't Be More Safe. Trades Significantly Higher

The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 295,241 shares traded hands. Nevsun Resources (TSE:NSU) has declined 14.22% since March 24, 2016 and is downtrending. It has underperformed by 17.70% the S&P500.
The move comes after 7 months positive chart setup for the $1.19 billion company. It was reported on Oct, 31 by Barchart.com. We have $6.52 PT which if reached, will make TSE:NSU worth $809.20M 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 32.47% above today’s ($3.88) stock price. Nevsun Resources has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Nevsun Resources (TSE:NSU) earned “Buy” rating by TD Securities on Friday, October 28. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, August 19. The company was maintained on Friday, July 22 by RBC Capital Markets. RBC Capital Markets maintained the shares of NSU in a report on Wednesday, December 2 with “Sector Perform” rating. The stock has “Hold” rating given by Canaccord Genuity on Monday, October 24. The company was maintained on Friday, January 15 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: Seekingalpha.com which released: “Nevsun Resources: I Was Not Expecting This” on October 18, 2016, also Seekingalpha.com with their article: “Nevsun Resources Continues To Be A Strong Income-Generating Mining Company” published on October 21, 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 $1.19 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 33.97 P/E ratio. The Company’s segment is the mining business in Africa.

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