A number of research firms have changed their ratings and price targets for Nevsun Resources (TSE: NSU):

  • 10/30/2017 – Nevsun Resources was upgraded by analysts at Eight Capital from a “neutral” rating to a “buy” rating. They now have a C$4.25 price target on the stock, up previously from C$2.25.
  • 10/30/2017 – Nevsun Resources had its price target raised by analysts at Royal Bank Of Canada from C$4.00 to C$5.00.
  • 10/30/2017 – Nevsun Resources had its price target raised by analysts at Canaccord Genuity from C$3.25 to C$4.50.
  • 10/27/2017 – Nevsun Resources was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$3.75 price target on the stock.
  • 10/14/2017 – Nevsun Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 9/21/2017 – 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. “
  • 9/14/2017 – 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. “
  • 9/13/2017 – 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. “
  • 9/8/2017 – Nevsun Resources was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating. They now have a C$3.50 price target on the stock.
  • 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. “

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, September 28th.

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

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.

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