Nevsun Resources (NSU) Holdings Reduced by Schroder Investment Management Group

Schroder Investment Management Group reduced its stake in Nevsun Resources (TSE:NSU) (TSE:NSU) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,164,361 shares of the basic materials company’s stock after selling 418,050 shares during the period. Schroder Investment Management Group owned 0.72% of Nevsun Resources worth $6,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NSU. Edmond DE Rothschild Holding S.A. grew its position in shares of Nevsun Resources by 44.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 137,000 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 42,000 shares during the last quarter. Cambrian Capital Limited Partnership grew its position in shares of Nevsun Resources by 84.0% during the first quarter. Cambrian Capital Limited Partnership now owns 138,000 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 63,000 shares during the last quarter. Aperio Group LLC grew its position in shares of Nevsun Resources by 2.7% during the second quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 4,332 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Nevsun Resources during the first quarter worth approximately $408,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Nevsun Resources during the first quarter worth approximately $436,000.

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

ILLEGAL ACTIVITY WARNING: “Nevsun Resources (NSU) Holdings Reduced by Schroder Investment Management Group” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://sportsperspectives.com/2017/09/19/nevsun-resources-nsu-holdings-reduced-by-schroder-investment-management-group.html.

Nevsun Resources (TSE NSU) opened at 2.73 on Tuesday. The stock has a 50 day moving average price of $2.83 and a 200-day moving average price of $3.12. Nevsun Resources has a 12 month low of $2.49 and a 12 month high of $4.63. The stock’s market cap is $824.70 million.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.81%.

A number of brokerages have recently issued reports on NSU. Zacks Investment Research upgraded shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$2.50 target price on the stock in a research report on Thursday, September 14th. Scotiabank raised Nevsun Resources from a “sector perform” rating to an “outperform” rating and set a C$3.50 price target for the company in a report on Friday, September 8th. Eight Capital reaffirmed a “neutral” rating on shares of Nevsun Resources in a report on Thursday, August 17th. BMO Capital Markets downgraded Nevsun Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$4.00 to C$3.25 in a report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Nevsun Resources in a report on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$4.13.

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.

Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)

Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply