Nevsun Resources (TSE:NSU) (TSE:NSU) insider Peter Gerald Jan Kukielski acquired 105,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of C$2.62 per share, for a total transaction of C$275,100.00.
Shares of Nevsun Resources (NSU) opened at 2.81 on Friday. Nevsun Resources has a one year low of $2.49 and a one year high of $4.63. The stock’s market capitalization is $848.86 million. The company’s 50 day moving average price is $3.03 and its 200 day moving average price is $3.26.
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A number of institutional investors have recently bought and sold shares of NSU. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Nevsun Resources during the first quarter worth approximately $154,000. K2 Principal Fund L.P. purchased a new stake in shares of Nevsun Resources during the second quarter worth about $169,000. Virtu KCG Holdings LLC boosted its stake in shares of Nevsun Resources by 605.3% in the second 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. Bank of Nova Scotia boosted its stake in shares of Nevsun Resources by 88.5% in the second 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, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Nevsun Resources by 44.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 137,000 shares of the basic materials company’s stock worth $351,000 after buying an additional 42,000 shares in the last quarter.
A number of equities analysts have recently commented on NSU shares. TD Securities cut their price objective on Nevsun Resources from C$5.50 to C$5.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Zacks Investment Research upgraded Nevsun Resources from a “hold” rating to a “buy” rating and set a C$2.25 price objective on the stock in a report on Thursday. TheStreet downgraded Nevsun Resources from a “c” rating to a “d+” rating in a report on Thursday, August 10th. BMO Capital Markets downgraded Nevsun Resources from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$4.00 to C$3.25 in a report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Nevsun Resources in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$4.09.
About Nevsun Resources
Nevsun Resources Ltd. engages in the acquisition, exploration, development, and operation of mineral properties in Africa. It explores for gold, copper, zinc, and silver deposits. The companys principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha mine in Eritrea.
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