Nevsun Resources (NSU) Stock Rating Upgraded by Macquarie

Nevsun Resources (NYSEAMERICAN:NSU) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Monday.

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

Shares of Nevsun Resources (NYSEAMERICAN NSU) opened at $2.38 on Monday. Nevsun Resources has a 1 year low of $1.96 and a 1 year high of $3.52.

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A hedge fund recently raised its stake in Nevsun Resources stock. Allianz Asset Management GmbH increased its position in shares of Nevsun Resources (NYSEAMERICAN:NSU) by 2,773.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,000 shares of the company’s stock after acquiring an additional 376,427 shares during the quarter. Allianz Asset Management GmbH owned about 0.13% of Nevsun Resources worth $842,000 as of its most recent SEC filing.

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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