Nevsun Resources (NSU) Receives Average Recommendation of “Hold” from Brokerages
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$5.50.
Several equities research analysts recently issued reports on the company. TD Securities lowered Nevsun Resources from a “buy” rating to a “tender” rating and lifted their price objective for the company from C$4.50 to C$6.00 in a research note on Tuesday, November 13th. Eight Capital lowered Nevsun Resources from a “buy” rating to a “tender” rating and lifted their price objective for the company from C$5.75 to C$6.00 in a research note on Thursday, September 6th. Finally, Raymond James lifted their price objective on Nevsun Resources from C$5.00 to C$6.00 and gave the company a “market perform” rating in a research note on Thursday, September 6th.
TSE:NSU remained flat at $C$5.97 during trading hours on Monday. The company had a trading volume of 282,300 shares, compared to its average volume of 1,239,266. Nevsun Resources has a 12 month low of C$2.50 and a 12 month high of C$5.98.
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.
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