Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) – Stock analysts at Cormark issued their Q1 2018 earnings per share estimates for shares of Nevsun Resources in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Cormark analyst S. Ioannou anticipates that the basic materials company will earn $0.03 per share for the quarter. Cormark also issued estimates for Nevsun Resources’ Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.08 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.01 EPS.
Separately, Scotiabank set a C$4.75 price target on Nevsun Resources and gave the company an “outperform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$3.89.
Nevsun Resources (TSE:NSU) remained flat at $C$3.06 during midday trading on Thursday. The company’s stock had a trading volume of 951,000 shares, compared to its average volume of 738,039. The company has a market cap of $924.77, a price-to-earnings ratio of -8.50 and a beta of 0.25. Nevsun Resources has a 52 week low of C$2.49 and a 52 week high of C$3.54.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nevsun Resources by 1,040.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 388,286 shares of the basic materials company’s stock worth $838,000 after purchasing an additional 354,252 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in Nevsun Resources by 34.5% during 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. Schroder Investment Management Group increased its holdings in Nevsun Resources by 5.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,291,699 shares of the basic materials company’s stock worth $6,234,000 after purchasing an additional 127,338 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Nevsun Resources by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,867,806 shares of the basic materials company’s stock worth $14,142,000 after purchasing an additional 291,317 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.
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