Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) is scheduled to release its earnings data after the market closes on Thursday, March 1st.
Shares of Nevsun Resources (TSE NSU) opened at C$2.78 on Thursday. The company has a market capitalization of $840.15, a P/E ratio of -12.64 and a beta of 0.36. Nevsun Resources has a 12 month low of C$2.49 and a 12 month high of C$3.99.
Several research firms have commented on NSU. Eight Capital upgraded Nevsun Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$2.25 to C$4.25 in a research note on Monday, October 30th. TD Securities raised Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.75 price target on the stock in a research report on Friday, October 27th. Macquarie raised Nevsun Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, November 13th. Scotiabank set a C$4.75 price target on Nevsun Resources and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, Canaccord Genuity boosted their price target on Nevsun Resources from C$3.25 to C$4.50 in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$4.31.
In related news, Director David Smith purchased 20,500 shares of the stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of C$2.77 per share, with a total value of C$56,785.00.
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Nevsun Resources Company Profile
Nevsun Resources Ltd. is a base metals company. The Company’s two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli.
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