Royal Bank Of Canada Boosts Nevsun Resources (NSU) Price Target to C$5.00

Nevsun Resources (TSE:NSU) (TSE:NSU) had its price objective raised by Royal Bank Of Canada from C$4.00 to C$5.00 in a research note issued to investors on Monday morning.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Nevsun Resources from a hold rating to a buy rating and set a C$2.50 price objective on the stock in a research report on Thursday, September 7th. TD Securities upgraded shares of Nevsun Resources from a hold rating to a buy rating and set a C$3.75 price objective on the stock in a research report on Friday, October 27th. TheStreet downgraded shares of Nevsun Resources from a c rating to a d+ rating in a research report on Thursday, August 10th. BMO Capital Markets downgraded shares of Nevsun Resources from an outperform rating to a market perform rating and cut their price objective for the company from C$4.00 to C$3.25 in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. reiterated a mkt perform rating on shares of Nevsun Resources in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$4.16.

COPYRIGHT VIOLATION NOTICE: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/02/royal-bank-of-canada-boosts-nevsun-resources-nsu-price-target-to-c5-00.html.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were given a $0.01 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.04 annualized dividend and a yield of 1.69%.

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

Hedge funds have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. bought a new stake in shares of Nevsun Resources during the 2nd quarter worth about $169,000. Virtu KCG Holdings LLC raised its position in shares of Nevsun Resources by 605.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 77,446 shares of the basic materials company’s stock worth $187,000 after buying an additional 66,465 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Nevsun Resources by 87.7% during the 3rd quarter. Shell Asset Management Co. now owns 47,620 shares of the basic materials company’s stock worth $193,000 after buying an additional 22,248 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Nevsun Resources by 88.5% during the 2nd quarter. Bank of Nova Scotia now owns 91,584 shares of the basic materials company’s stock worth $221,000 after buying an additional 42,987 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Nevsun Resources by 2.7% during the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after buying an additional 4,332 shares in the last 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.

Analyst Recommendations 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