Raymond James Increases Nevsun Resources (NSU) Price Target to C$5.00

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) had its price objective upped by Raymond James from C$4.00 to C$5.00 in a research note published on Wednesday. They currently have a market perform rating on the basic materials company’s stock.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada boosted their price objective on shares of Nevsun Resources from C$4.00 to C$5.00 and gave the stock a sector perform rating in a research note on Friday, June 15th. Eight Capital boosted their price objective on shares of Nevsun Resources from C$4.75 to C$5.00 in a research note on Friday, June 15th. Canaccord Genuity upped their target price on shares of Nevsun Resources from C$4.00 to C$5.00 in a research note on Tuesday, May 8th. Scotiabank set a C$5.00 target price on shares of Nevsun Resources and gave the stock an outperform rating in a research note on Friday, April 27th. Finally, TD Securities upped their target price on shares of Nevsun Resources from C$4.25 to C$4.50 and gave the stock a buy rating in a research note on Friday, April 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$4.64.

TSE:NSU opened at C$4.57 on Wednesday. Nevsun Resources has a one year low of C$2.49 and a one year 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) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.04). Nevsun Resources had a negative return on equity of 18.80% and a negative net margin of 43.87%. The business had revenue of C$134.94 million for the quarter.

About Nevsun Resources

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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