Nevsun Resources stock continues to rise

Nevsun headquarters in Vancouver, BC 

Can Nevsun Resources’s Tomorrow Be Different? The Stock Increases Again 

By Linda Rogers | April 1, 2016

The stock of Nevsun Resources (TSE:NSU) is a huge mover today! The stock is up 1.67% or $0.07 after the news, hitting $4.27 per share. About 129,991 shares traded hands. Nevsun Resources (TSE:NSU) has risen 14.75% since August 25, 2015 and is uptrending. It has outperformed by 4.47% the S&P500. The move comes after 5 months positive chart setup for the $843.07 million company. It was reported on Apr, 1 by Barchart.com. We have $5.29 PT which if reached, will make TSE:NSU worth $202.34M more.

Out of 11 analysts covering Nevsun Resources (TSE:NSU), 5 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $4.17 is the highest target while $2.51 is the lowest. The $3.61 average target is 11.48% above today’s ($4.27) stock price. Nevsun Resources was the topic in 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on January 15 with “Sector Perform” rating.

Nevsun Resources Ltd. is engaged in the acquisition, exploration, development and operation of mineral property interests. The company has a market cap of $843.07 million. The Company’s principal mining operation is the Bisha Mine and the Company’s principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). It has 29.06 P/E ratio. The Company’s wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd.

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