Nevsun Resources (NSU) Given Average Recommendation of “Hold” by Analysts
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$5.29.
A number of research firms have recently weighed in on NSU. Eight Capital increased their target price on shares of Nevsun Resources from C$4.75 to C$5.00 in a report on Friday, June 15th. Cormark raised their price objective on shares of Nevsun Resources from C$5.25 to C$5.50 in a report on Wednesday, June 27th. Raymond James raised their price objective on shares of Nevsun Resources from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a report on Thursday, September 6th. Finally, Royal Bank of Canada raised 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 report on Friday, June 15th.
Shares of TSE:NSU traded down C$0.01 on Wednesday, reaching C$5.78. 1,313,866 shares of the company traded hands, compared to its average volume of 1,193,483. Nevsun Resources has a 52 week low of C$2.50 and a 52 week high of C$5.85.
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.
See Also: Earnings Per Share (EPS)
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