Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) has been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$5.29.
Several equities research analysts have issued reports on NSU shares. Raymond James lifted their price target on shares of Nevsun Resources from C$5.00 to C$6.00 and gave the company a “market perform” rating in a research note on Thursday, September 6th. Eight Capital downgraded shares of Nevsun Resources from a “buy” rating to a “tender” rating and lifted their target price for the stock from C$5.75 to C$6.00 in a report on Thursday, September 6th.
NSU stock traded down C$0.01 during midday trading on Thursday, hitting C$5.87. The company’s stock had a trading volume of 657,782 shares, compared to its average volume of 1,214,145. Nevsun Resources has a twelve month low of C$2.50 and a twelve month high of C$5.88.
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.
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