Nevsun Resources (TSE:NSU) Raises Dividend to $0.01 Per Share
(TSE:NSU) (NYSEAMERICAN:NSU) declared a quarterly dividend on Tuesday, December 12th,Zacks
reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.013 per share by the basic materials company on Wednesday, January 17th. This represents a $0.05 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Nevsun Resources’s previous quarterly dividend of $0.01.
Nevsun Resources (TSE NSU
) opened at C$3.08 on Friday. Nevsun Resources has a fifty-two week low of C$2.49 and a fifty-two week high of C$4.63. The firm has a market cap of $873.12, a price-to-earnings ratio of -14.00 and a beta of 0.51.
In other Nevsun Resources news, Director David Smith acquired 20,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of C$2.77 per share, with a total value of C$56,785.00.
A number of research firms have weighed in on NSU. Eight Capital raised shares of Nevsun Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the company from C$2.25 to C$4.25 in a report on Monday, October 30th. Scotiabank raised shares of Nevsun Resources from a “sector perform” rating to an “outperform” rating and set a C$3.50 target price for the company in a research note on Friday, September 8th. TD Securities raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.75 target price for the company in a research note on Friday, October 27th. Macquarie raised shares of Nevsun Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research
cut shares of Nevsun Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$4.31.
About Nevsun Resources
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.