Schroder Investment Management Group Has $6.23 Million Stake in Nevsun Resources (NSU)

Schroder Investment Management Group lifted its stake in Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,291,699 shares of the basic materials company’s stock after buying an additional 127,338 shares during the period. Schroder Investment Management Group owned approximately 0.76% of Nevsun Resources worth $6,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Nevsun Resources by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock worth $14,276,000 after purchasing an additional 292,766 shares during the last quarter. Aperio Group LLC boosted its position in Nevsun Resources by 2.7% during the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock valued at $395,000 after acquiring an additional 4,332 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in Nevsun Resources by 36.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 232,720 shares of the basic materials company’s stock valued at $561,000 after acquiring an additional 62,720 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Nevsun Resources in the 2nd quarter worth approximately $811,000. Finally, Swiss National Bank boosted its position in shares of Nevsun Resources by 6.1% in the 2nd quarter. Swiss National Bank now owns 523,000 shares of the basic materials company’s stock worth $1,263,000 after purchasing an additional 30,300 shares in the last quarter.

Nevsun Resources (TSE:NSU) traded up C$0.04 during trading hours on Monday, hitting C$2.81. The stock had a trading volume of 132,163 shares, compared to its average volume of 664,321. Nevsun Resources has a 52-week low of C$2.49 and a 52-week high of C$4.63.

A number of brokerages have recently commented on NSU. Eight Capital reissued a “neutral” rating on shares of Nevsun Resources in a research report on Thursday, August 17th. Raymond James Financial restated a “mkt perform” rating on shares of Nevsun Resources in a report on Tuesday, August 15th. Zacks Investment Research lowered shares of Nevsun Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity boosted their price objective on shares of Nevsun Resources from C$3.25 to C$4.50 in a report on Monday, October 30th. Finally, Scotiabank upgraded shares of Nevsun Resources from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective for the company in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$4.31.

In related news, Director David Smith acquired 20,500 shares of Nevsun Resources stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of C$2.77 per share, for a total transaction of C$56,785.00.

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About Nevsun Resources

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.

Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)

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