Nevsun Resources’s Trend Down, Especially After Today’s Weak Session

 Nevsun Resources's Trend Down, Especially After Today's Weak Session

The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 849,678 shares traded hands or 11.39% up from the average. Nevsun Resources (TSE:NSU) has declined 10.83% since March 29, 2016 and is downtrending. It has underperformed by 13.35% the S&P500.
The move comes after 9 months negative chart setup for the $1.12 billion company. It was reported on Nov, 2 by Barchart.com. We have $3.56 PT which if reached, will make TSE:NSU worth $56.00 million 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. Nevsun Resources has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 22. The firm earned “Sector Perform” rating on Friday, January 15 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, December 2 report. Scotia Capital maintained the shares of NSU in a report on Friday, August 19 with “Sector Perform” rating. As per Friday, July 29, the company rating was maintained by TD Securities. TD Securities maintained the shares of NSU in a report on Friday, October 28 with “Buy” rating. The rating was downgraded by Canaccord Genuity on Monday, October 24 to “Hold”.

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 Fool.com with their article: “Why Ariad Pharmaceuticals, Nevsun Resources, and Ctrip.com International …” published on June 17, 2016, Seekingalpha.com published: “Nevsun Resources Continues To Be A Strong Income-Generating Mining Company” on October 21, 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 $1.12 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 32.81 P/E ratio. The Company’s segment is the mining business in Africa.

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