The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 456,304 shares traded hands. Nevsun Resources (TSE:NSU) has risen 4.86% since April 7, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.
The move comes after 6 months positive chart setup for the $1.29 billion company. It was reported on Nov, 11 by Barchart.com. We have $5.03 PT which if reached, will make TSE:NSU worth $283.80 million 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 24.76% above today’s ($4.12) stock price. Nevsun Resources has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, October 28 the stock rating was maintained by TD Securities with “Buy”. The company was downgraded on Monday, October 24 by Canaccord Genuity. The stock of Nevsun Resources (TSE:NSU) earned “Outperform” rating by RBC Capital Markets on Friday, July 22. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, December 2 report. The stock of Nevsun Resources (TSE:NSU) has “Sector Perform” rating given on Friday, January 15 by RBC Capital Markets. The stock of Nevsun Resources (TSE:NSU) has “Buy” rating given on Friday, July 29 by TD Securities. Scotia Capital maintained the shares of NSU in a report on Friday, August 19 with “Sector Perform” rating.
More notable recent Nevsun Resources (TSE:NSU) news were published by: Qz.com which released: “Eritrean workers are suing a Canadian mining company for using them as forced …” on September 29, 2016, also Seekingalpha.com with their article: “Nevsun Resources: I Was Not Expecting This” published on October 18, 2016, Seekingalpha.com published: “Nevsun Resources – Continued Immense Growth Potential” on September 23, 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: 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 $1.29 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 35.88 P/E ratio. The Company’s segment is the mining business in Africa.
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