Nevsun Resources (NSU) to Issue Quarterly Dividend of $0.01

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) declared a quarterly dividend on Tuesday, December 12th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.013 per share by the basic materials company on Wednesday, January 17th. This represents a $0.05 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Nevsun Resources’s previous quarterly dividend of $0.01.

Shares of Nevsun Resources (TSE:NSU) traded up C$0.07 during mid-day trading on Wednesday, reaching C$2.89. The company had a trading volume of 1,289,800 shares, compared to its average volume of 661,275. Nevsun Resources has a 1 year low of C$2.49 and a 1 year high of C$4.63.

In related news, Director David Smith acquired 20,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of C$2.77 per share, with a total value of C$56,785.00.

A number of analysts have commented on the company. Scotiabank reaffirmed an “outperform” rating and set a C$4.75 price target on shares of Nevsun Resources in a research report on Tuesday, November 14th. Macquarie raised Nevsun Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, November 13th. Canaccord Genuity lifted their price target on Nevsun Resources from C$3.25 to C$4.50 in a research report on Monday, October 30th. Eight Capital raised Nevsun Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$2.25 to C$4.25 in a research report on Monday, October 30th. Finally, Royal Bank of Canada lifted their price target on Nevsun Resources from C$4.00 to C$5.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$4.31.

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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.

Dividend History for Nevsun Resources (TSE:NSU)

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