Nevsun Resources (NSU) Director Acquires C$56,785.00 in Stock

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its holdings in Nevsun Resources by 2.7% in the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 4,332 shares during the period. Royal Bank of Canada raised its holdings in Nevsun Resources by 505.7% in the 2nd quarter. Royal Bank of Canada now owns 980,600 shares of the basic materials company’s stock worth $2,364,000 after purchasing an additional 818,703 shares during the period. FIL Ltd raised its holdings in Nevsun Resources by 10.0% in the 2nd quarter. FIL Ltd now owns 10,492,649 shares of the basic materials company’s stock worth $25,323,000 after purchasing an additional 949,823 shares during the period. Global X MANAGEMENT CO LLC raised its holdings in Nevsun Resources by 34.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 677,324 shares of the basic materials company’s stock worth $1,462,000 after purchasing an additional 173,800 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Nevsun Resources by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock worth $14,276,000 after purchasing an additional 292,766 shares during the period.

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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.

Insider Buying and Selling by Quarter for Nevsun Resources (TSE:NSU)

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