http://www.consumereagle.com/nevsun-resources-tsensu-stock-sector-perform-rating-reaffirmed-at-scotia-capital-the-pt-given-is-5-00/148321/
Nevsun Resources (TSE:NSU) Stock “Sector Perform” Rating Reaffirmed at Scotia Capital; The PT Given is $5.00
August 19, 2016 Clifton Ray
Nevsun Resources (TSE:NSU) Rating
Scotia Capital have a $5.00 PT on the stock. The PT gives a potential upside of 22.55% from Nevsun Resources (TSE:NSU)’s last stock close. This rating was shown in analysts report on 19 August.
Out of 5 analysts covering Nevsun Resources (TSE:NSU), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $5.50 is the highest target while $4 is the lowest. The $4.75 average target is 16.42% above today’s ($4.08) stock price. Nevsun Resources has been the topic of 7 analyst reports since September 3, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on January 15 with “Sector Perform” rating.
The stock closed at $4.08 during the last session. It is down 22.52% since January 14, 2016 and is uptrending. It has outperformed by 8.72% the S&P500.
Analysts await Nevsun Resources (USA) (NYSEMKT:NSU) to report earnings on November, 3. They expect $0.01 earnings per share, 0.00% or $0.00 from last year’s $0.01 per share. NSU’s profit will be $3.00M for 80.25 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Nevsun Resources (USA) for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.
Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.22 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 36.68 P/E ratio. The Company’s segment is the mining business in Africa.
According to Zacks Investment Research, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa.”
http://chart.finance.yahoo.com/z?s=NSU&t=6m&q=l&l=on&z=l&p=m200,v&a=p12
Received on Fri Aug 19 2016 - 11:46:22 EDT