Nevsun Resources (NSU) Receives Consensus Rating of “Hold” from Brokerages

Shares of Nevsun Resources (NYSEAMERICAN:NSU) have been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company.

NSU has been the topic of several research analyst reports. Zacks Investment Research raised Nevsun Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, October 11th. Scotiabank lowered Nevsun Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, September 7th. TheStreet raised Nevsun Resources from a “d+” rating to a “c-” rating in a report on Tuesday, July 31st. Finally, Canaccord Genuity lowered Nevsun Resources from a “buy” rating to a “hold” rating in a report on Thursday, October 11th.

Large investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in Nevsun Resources by 275.0% in the first quarter. Jane Street Group LLC now owns 52,464 shares of the company’s stock valued at $125,000 after purchasing an additional 38,473 shares during the period. BlackRock Inc. raised its position in Nevsun Resources by 140.0% in the second quarter. BlackRock Inc. now owns 40,858 shares of the company’s stock valued at $142,000 after purchasing an additional 23,835 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Nevsun Resources in the second quarter valued at $237,000. PCJ Investment Counsel Ltd. acquired a new stake in shares of Nevsun Resources in the second quarter valued at $699,000. Finally, ARP Americas LP acquired a new stake in shares of Nevsun Resources in the third quarter valued at $832,000.

Nevsun Resources stock traded up $0.02 during midday trading on Monday, hitting $4.48. 349,685 shares of the company were exchanged, compared to its average volume of 817,921. Nevsun Resources has a fifty-two week low of $2.00 and a fifty-two week high of $4.53.

Nevsun Resources (NYSEAMERICAN:NSU) last posted its earnings results on Thursday, October 25th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $71.61 million during 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.

Featured Story: What does EPS mean?

Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit