Nevsun Resources (NSU) Raised to Outperform at Macquarie

Macquarie upgraded shares of Nevsun Resources (NYSEAMERICAN:NSU) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports.

Separately, Raymond James Financial, Inc. reaffirmed a mkt perform rating on shares of Nevsun Resources in a research note on Tuesday, August 15th.

Nevsun Resources (NSU) opened at $2.35 on Monday. Nevsun Resources has a 1 year low of $1.96 and a 1 year high of $3.52.

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An institutional investor recently raised its position in Nevsun Resources stock. Allianz Asset Management GmbH increased its holdings in shares of Nevsun Resources (NYSEAMERICAN:NSU) by 2,773.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 390,000 shares of the company’s stock after purchasing an additional 376,427 shares during the period. Allianz Asset Management GmbH owned approximately 0.13% of Nevsun Resources worth $842,000 at the end of the most recent quarter.

Nevsun Resources Company Profile

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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