Brokerages Set Nevsun Resources (NSU) Price Target at $4.50

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$4.50.

Several equities research analysts have recently weighed in on NSU shares. Eight Capital increased their price objective on Nevsun Resources from C$4.25 to C$4.75 in a report on Thursday, April 19th. Canaccord Genuity increased their price objective on Nevsun Resources from C$3.50 to C$4.00 in a report on Monday, April 30th. TD Securities increased their price objective on Nevsun Resources from C$4.25 to C$4.50 and gave the company a “buy” rating in a report on Friday, April 27th. Raymond James increased their price objective on Nevsun Resources from C$3.50 to C$4.00 and gave the company a “market perform” rating in a report on Monday, April 30th. Finally, Scotiabank set a C$5.00 price objective on Nevsun Resources and gave the company an “outperform” rating in a report on Friday, April 27th.

NSU stock opened at C$4.42 on Thursday. Nevsun Resources has a twelve month low of C$2.49 and a twelve month high of C$4.93.

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last posted its quarterly earnings data on Thursday, April 26th. The basic materials company reported C($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.04). The firm had revenue of C$134.94 million during the quarter. Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%.

Nevsun Resources Company Profile

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

Analyst Recommendations for Nevsun Resources (TSE:NSU)

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