Nevsun Resources (TSE:NSU) announced a quarterly dividend on Monday, September 19th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.04 per share on Friday, October 14th. This represents a $0.16 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, September 28th.

Shares of Nevsun Resources (TSE:NSU) opened at 4.26 on Friday. The firm has a market capitalization of $1.28 billion and a P/E ratio of 52.59. Nevsun Resources has a 12-month low of $3.27 and a 12-month high of $4.81. The stock has a 50 day moving average of $4.16 and a 200-day moving average of $4.20.

Several analysts have commented on the stock. Canaccord Genuity restated a “buy” rating on shares of Nevsun Resources in a report on Wednesday, September 14th. Royal Bank Of Canada restated an “outperform” rating and set a C$6.50 target price on shares of Nevsun Resources in a report on Friday, July 22nd. Scotiabank restated a “sector perform” rating and set a C$5.00 target price on shares of Nevsun Resources in a report on Wednesday, August 17th. Zacks Investment Research upgraded shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.50 target price on the stock in a report on Thursday, August 25th. Finally, Dundee Securities raised their target price on shares of Nevsun Resources from C$6.25 to C$7.00 in a report on Monday, June 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nevsun Resources currently has a consensus rating of “Buy” and a consensus target price of C$5.31.

In other news, insider Thomas S. Whelan acquired 50,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was bought at an average price of C$4.10 per share, with a total value of C$205,000.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSU. Barclays PLC boosted its stake in shares of Nevsun Resources by 16.7% in the second quarter. Barclays PLC now owns 35,000 shares of the company’s stock valued at $103,000 after buying an additional 5,000 shares during the last quarter. TFS Capital LLC boosted its stake in shares of Nevsun Resources by 51.3% in the second quarter. TFS Capital LLC now owns 38,466 shares of the company’s stock valued at $113,000 after buying an additional 13,041 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of Nevsun Resources by 147.1% in the second quarter. Paloma Partners Management Co now owns 48,000 shares of the company’s stock valued at $141,000 after buying an additional 28,577 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Nevsun Resources during the second quarter valued at approximately $214,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Nevsun Resources during the second quarter valued at approximately $316,000.

About Nevsun Resources

Nevsun Resources Ltd. is a mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company’s segment is the mining business in Africa. The Company’s 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.

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