Nevsun Resources Can’t Burn Your Short Portfolio. Has Another Weak Session

 Nevsun Resources Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Nevsun Resources (TSE:NSU) is a huge mover today! About 99,695 shares traded hands. Nevsun Resources (TSE:NSU) has declined 3.04% since April 21, 2016 and is downtrending. It has underperformed by 8.45% the S&P500.
The move comes after 8 months negative chart setup for the $1.34B company. It was reported on Nov, 25 by Barchart.com. We have $4.03 PT which if reached, will make TSE:NSU worth $107.20 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. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Nevsun Resources (TSE:NSU) has “Buy” rating given on Friday, October 28 by TD Securities. The stock of Nevsun Resources (TSE:NSU) has “Hold” rating given on Monday, October 24 by Canaccord Genuity. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, December 2 report. Scotia Capital maintained Nevsun Resources (TSE:NSU) on Friday, August 19 with “Sector Perform” rating. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Outperform”. TD Securities maintained Nevsun Resources (TSE:NSU) on Friday, July 29 with “Buy” rating.

More notable recent Nevsun Resources (TSE:NSU) news were published by: Seekingalpha.com which released: “Nevsun Resources – Strong Quarterly Earnings Shows Continued Strength” on November 17, 2016, also Qz.com with their article: “Eritrean workers are suing a Canadian mining company for using them as forced …” published on September 29, 2016, Bloomberg.com published: “TSX Movers: Bombardier, Gran Tierra, Nevsun Resources” on November 22, 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: I Was Not Expecting This” with publication date: October 18, 2016.

Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.34 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 38 P/E ratio. The Company’s segment is the mining business in Africa.

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