Dehai News

(BBNS) Toronto Dominion Bank Grows Holdings in Nevsun Resources

Posted by: Semere Asmelash

Date: Tuesday, 05 June 2018

Nevsun Resources (NSU) Shares Bought by Toronto Dominion Bank

Posted by Grant Hamersma on Jun 5th, 2018 







Toronto Dominion Bank boosted its stake in shares of Nevsun Resources (NYSEAMERICAN:NSU) by 906.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,048 shares of the company’s stock after buying an additional 1,250,075 shares during the quarter. Toronto Dominion Bank’s holdings in Nevsun Resources were worth $3,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in Nevsun Resources during the 4th quarter valued at about $139,000. Two Sigma Advisers LP lifted its holdings in Nevsun Resources by 39.2% during the 4th quarter. Two Sigma Advisers LP now owns 170,531 shares of the company’s stock valued at $416,000 after buying an additional 48,000 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Nevsun Resources during the 4th quarter valued at about $441,000. Virtu Financial LLC lifted its holdings in Nevsun Resources by 873.9% during the 4th quarter. Virtu Financial LLC now owns 193,363 shares of the company’s stock valued at $472,000 after buying an additional 173,509 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in Nevsun Resources during the 4th quarter valued at about $718,000.

Shares of NSU opened at $3.31 on Tuesday. Nevsun Resources has a 1-year low of $1.96 and a 1-year high of $3.86.

Nevsun Resources (NYSEAMERICAN:NSU) last announced its quarterly earnings data on Thursday, April 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%. The company had revenue of $106.75 million for the quarter.

Separately, Zacks Investment Research lowered shares of Nevsun Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd.

Nevsun Resources Company Profile

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

Want to see what other hedge funds are holding NSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nevsun Resources (NYSEAMERICAN:NSU).

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


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