Analyst Activity – Royal Bank of Canada Lowers Its Price Target On Nevsun Resources (TSE:NSU) to C$5.50

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Analyst Ratings For Nevsun Resources (TSE:NSU)

Today, Royal Bank of Canada lowered its price target on Nevsun Resources (TSE:NSU) to C$5.50 per share.

There are 3 hold ratings, 3 buy ratings on the stock.

The current consensus rating on Nevsun Resources (TSE:NSU) is Buy (Score: 2.50) with a consensus target price of C$5.28 per share, a potential .

Some recent analyst ratings include

  • 2/24/2017-Canaccord Genuity Upgrade from a “Hold ” rating to a ” Buy” rating.
  • 2/1/2017-BMO Capital Markets initiated coverage with a Market Perform rating.


    About Nevsun Resources (TSE:NSU)
    Nevsun Resources Ltd is a Canada-based base metals mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its segment is the mining business in Africa. Its principal property is the Bisha Property, which hosts a gold, copper and zinc deposit, and includes satellite volcanogenic massive sulfides (VMS) deposits at Harena, Northwest, Hambok, Aderat and Asheli. The Company’s principal mining operation is the Bisha Mine, an open pit copper-zinc mine. The Company owns the Mogoraib River Exploration License, which covers an area of approximately 41.1 square kilometers. The Bisha Mine is located approximately 150 kilometers west of Asmara, over 40 kilometers southwest of the regional town of Akurdat and approximately 50 kilometers north of Barentu, the regional or zone Administration Centre of the GashBarka District, in Eritrea. The Company also develops the Timok copper and gold project, which is located in Serbia.

    Recent Trading Activity for Nevsun Resources (TSE:NSU)
    Shares of Nevsun Resources closed the previous trading session at 3.55 0.00 0.00% with 3,882,190 shares trading hands.