Analysts are on the Bearish side about Nevsun Resources (TSE:NSU) this week.

November 15, 2017 - By Richard Conner

 Analysts are on the Bearish side about Nevsun Resources (TSE:NSU) this week.

Nevsun Resources (TSE:NSU) Ratings Coverage

Among 8 analysts covering Nevsun Resources (TSE:NSU), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Nevsun Resources had 29 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Friday, April 28 by Scotia Capital. The stock of Nevsun Resources (TSE:NSU) earned “Buy” rating by TD Securities on Friday, July 29. The stock of Nevsun Resources (TSE:NSU) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 15. The stock of Nevsun Resources (TSE:NSU) has “Outperform” rating given on Monday, April 24 by RBC Capital Markets. Scotia Capital maintained it with “Sector Perform” rating and $5 target in Friday, August 19 report. TD Securities maintained it with “Buy” rating and $5.50 target in Friday, October 28 report. The stock of Nevsun Resources (TSE:NSU) has “Outperform” rating given on Friday, March 24 by BMO Capital Markets. The rating was maintained by Eight Capital with “Neutral” on Thursday, August 17. Scotia Capital maintained Nevsun Resources (TSE:NSU) on Monday, November 28 with “Sector Perform” rating. Scotia Capital upgraded the shares of NSU in report on Friday, September 8 to “Outperform” rating. Below is a list of Nevsun Resources (TSE:NSU) latest ratings and price target changes.

27/10/2017 Broker: TD Securities Old Rating: Hold New Rating: Buy New Target: $3.75 Upgrade
08/09/2017 Broker: Scotia Capital Old Rating: Sector Perform New Rating: Outperform New Target: $3.50 Upgrade
17/08/2017 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Old Target: $4.00 New Target: $3.25 Target Down
17/08/2017 Broker: Eight Capital Rating: Neutral Maintain

About 7,323 shares traded. Nevsun Resources (TSE:NSU) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Nevsun Resources Ltd. is a base metals company. The company has market cap of $930.43 million. 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 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. It currently has negative earnings. The Company’s principal mining operation is the Bisha Mine, which is located on the Bisha Property.

More notable recent Nevsun Resources (TSE:NSU) news were published by: Seekingalpha.com which released: “Nevsun Resources: Timok Value Confirmed” on November 06, 2017, also Seekingalpha.com with their article: “Nevsun Resources’ (NSU) CEO Peter Kukielski on Q3 2017 Results – Earnings Call …” published on October 27, 2017, Seekingalpha.com published: “Nevsun Resources: Insider Buying Alert” on August 29, 2017. More interesting news about Nevsun Resources (TSE:NSU) were released by: Seekingalpha.com and their article: “Nevsun Resources – Top Tier African Minerals Company” published on November 03, 2017 as well as Seekingalpha.com‘s news article titled: “Nevsun Resources: Copper/Zinc Catalysts Ahead” with publication date: August 14, 2017.

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