Nevsun Resources (NSU) Price Target Increased to C$5.00 by Analysts at Canaccord Genuity

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) had its price objective upped by Canaccord Genuity from C$4.00 to C$5.00 in a report released on Tuesday, May 8th.

Other analysts have also issued reports about the stock. Scotiabank set a C$5.00 price target on shares of Nevsun Resources and gave the company an outperform rating in a research report on Friday, April 27th. TD Securities increased their target price on shares of Nevsun Resources from C$4.25 to C$4.50 and gave the stock a buy rating in a report on Friday, April 27th. Raymond James increased their target price on shares of Nevsun Resources from C$3.50 to C$4.00 and gave the stock a market perform rating in a report on Monday, April 30th. Finally, Eight Capital increased their target price on shares of Nevsun Resources from C$4.25 to C$4.75 in a report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Nevsun Resources presently has a consensus rating of Hold and an average price target of C$4.25.

Shares of NSU stock opened at C$4.43 on Tuesday. Nevsun Resources has a 1 year low of C$2.49 and a 1 year high of C$4.93.



Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last released its quarterly earnings results on Thursday, April 26th. The basic materials company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The firm had revenue of C$134.94 million during the quarter. Nevsun Resources had a negative return on equity of 18.80% and a negative net margin of 43.87%.

About Nevsun Resources

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.

Analyst Recommendations for Nevsun Resources (TSE:NSU)

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