Stock Worth Mentioning Today: Could Nevsun Resources (USA) See a Reversal After This Very Strong Session?

Stock Worth Mentioning Today: Could Nevsun Resources (USA) See a Reversal After This Very Strong Session?

The stock of Nevsun Resources (USA) (NYSEMKT:NSU) is a huge mover today! The stock increased 2.46% or $0.07 on October 31, hitting $2.91. About 780,867 shares traded hands or 7.48% up from the average. Nevsun Resources (USA) (NYSEMKT:NSU) has declined 14.71% since March 29, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.
The move comes after 6 months positive chart setup for the $889.87 million company. It was reported on Oct, 31 by We have $4.42 PT which if reached, will make NYSEMKT:NSU worth $462.73M more.

Analysts await Nevsun Resources (USA) (NYSEMKT:NSU) to report earnings on November, 3. They expect $0.01 earnings per share, 0.00% or $0.00 from last year’s $0.01 per share. NSU’s profit will be $3.06M for 72.75 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Nevsun Resources (USA) for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Nevsun Resources (USA) (NYSEMKT:NSU) Ratings Coverage

Out of 4 analysts covering Nevsun Resources (NYSEMKT:NSU), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Nevsun Resources has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Raymond James maintained it with “Outperform” rating and $4.50 target price in Thursday, September 3 report. Raymond James downgraded the shares of NSU in a report on Friday, December 4 to “Mkt Perform” rating.

According to Zacks Investment Research, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa.”

More news for Nevsun Resources (USA) (NYSEMKT:NSU) were recently published by:, which released: “Can We Bank on Nevsun’s 4% Dividend Yield?” on June 25, 2014.‘s article titled: “Eritreans sue Canadian mining firm Nevsun over human rights abuses” and published on December 09, 2014 is yet another important article.

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