The stock of Nevsun Resources (USA) (NYSEMKT:NSU) is a huge mover today! The stock increased 5.21% or $0.16 on November 22, hitting $3.23. About 2.14M shares traded hands or 159.08% up from the average. Nevsun Resources (USA) (NYSEMKT:NSU) has declined 12.03% since April 20, 2016 and is downtrending. It has underperformed by 16.59% the S&P500.
The move comes after 6 months positive chart setup for the $1.01 billion company. It was reported on Nov, 22 by Barchart.com. We have $3.52 PT which if reached, will make NYSEMKT:NSU worth $90.90M more.
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. The rating was maintained by Raymond James on Thursday, September 3 with “Outperform”. The firm has “Mkt Perform” rating by Raymond James given on Friday, December 4.
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: Theguardian.com, which released: “Canadian firm faces new forced labour claims over Eritrean mine” on October 14, 2016. Fool.com‘s article titled: “Can We Bank on Nevsun’s 4% Dividend Yield?” and published on June 25, 2014 is yet another important article.
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