Several brokerages have updated their recommendations and price targets on shares of Nevsun Resources (TSE: NSU) in the last few weeks:

  • 9/7/2017 – Nevsun Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a C$2.50 price target on the stock. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “
  • 8/31/2017 – Nevsun Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a C$2.50 price target on the stock. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “
  • 8/30/2017 – Nevsun Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “
  • 8/24/2017 – Nevsun Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a C$2.25 price target on the stock. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “
  • 8/17/2017 – Nevsun Resources had its “neutral” rating reaffirmed by analysts at Eight Capital.
  • 8/16/2017 – Nevsun Resources was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a C$3.25 price target on the stock, down previously from C$4.00.
  • 8/15/2017 – Nevsun Resources had its “mkt perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 8/11/2017 – Nevsun Resources was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating. They now have a C$4.00 price target on the stock, down previously from C$5.50.
  • 8/10/2017 – Nevsun Resources had its price target lowered by analysts at Scotiabank from C$4.00 to C$3.50. They now have a “sector perform” rating on the stock.
  • 8/10/2017 – Nevsun Resources was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 8/10/2017 – Nevsun Resources was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$4.00 price target on the stock, down previously from C$5.00.
  • 7/17/2017 – Nevsun Resources had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a C$4.00 price target on the stock.

Shares of Nevsun Resources (NSU) traded up 3.37% during mid-day trading on Thursday, hitting $2.76. The company had a trading volume of 462,310 shares. The stock’s market cap is $833.76 million. The stock’s 50-day moving average is $2.95 and its 200-day moving average is $3.18. Nevsun Resources has a 52-week low of $2.49 and a 52-week high of $4.63.

In related news, insider Peter Gerald Jan Kukielski bought 105,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of C$2.62 per share, with a total value of C$275,100.00. Also, insider Scott Trebilcock bought 40,000 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of C$2.82 per share, with a total value of C$112,800.00.

Nevsun Resources Ltd. engages in the acquisition, exploration, development, and operation of mineral properties in Africa. It explores for gold, copper, zinc, and silver deposits. The company’s principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha mine in Eritrea.

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