Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) Director David Smith acquired 20,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of C$2.77 per share, with a total value of C$56,785.00.
Nevsun Resources (NSU) traded up C$0.04 during midday trading on Friday, reaching C$2.81. The company had a trading volume of 132,200 shares, compared to its average volume of 664,321. Nevsun Resources has a 12 month low of C$2.49 and a 12 month high of C$4.63.
Several brokerages have recently issued reports on NSU. Eight Capital reissued a “neutral” rating on shares of Nevsun Resources in a report on Thursday, August 17th. Raymond James Financial reissued a “mkt perform” rating on shares of Nevsun Resources in a report on Tuesday, August 15th. Zacks Investment Research cut Nevsun Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity boosted their price objective on Nevsun Resources from C$3.25 to C$4.50 in a report on Monday, October 30th. Finally, Scotiabank raised Nevsun Resources from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective for the company in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Nevsun Resources currently has an average rating of “Buy” and a consensus price target of C$4.31.
TRADEMARK VIOLATION NOTICE: “Nevsun Resources (NSU) Director Acquires C$56,785.00 in Stock” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/12/10/nevsun-resources-nsu-director-acquires-c56785-00-in-stock.html.
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.
Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with MarketBeat.com's FREE daily email newsletter.