Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) – Investment analysts at Haywood Securities raised their FY2018 earnings per share estimates for Nevsun Resources in a report issued on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the basic materials company will post earnings of $0.06 per share for the year, up from their prior estimate of $0.05.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada raised their price target on shares of Nevsun Resources from C$4.00 to C$5.00 in a research note on Monday, October 30th. Canaccord Genuity raised their price target on shares of Nevsun Resources from C$3.25 to C$4.50 in a research note on Monday, October 30th. Zacks Investment Research raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$2.25 price target on the stock in a research note on Thursday, August 24th. TD Securities raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.75 price target on the stock in a research note on Friday, October 27th. Finally, Eight Capital raised shares of Nevsun Resources from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$2.25 to C$4.25 in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$4.31.

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Shares of Nevsun Resources (NSU) opened at C$2.98 on Friday. Nevsun Resources has a 12 month low of C$2.49 and a 12 month high of C$4.63.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its holdings in shares of Nevsun Resources by 2.7% in the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock valued at $395,000 after buying an additional 4,332 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Nevsun Resources by 505.7% in the 2nd quarter. Royal Bank of Canada now owns 980,600 shares of the basic materials company’s stock valued at $2,364,000 after buying an additional 818,703 shares in the last quarter. FIL Ltd boosted its holdings in shares of Nevsun Resources by 10.0% in the 2nd quarter. FIL Ltd now owns 10,492,649 shares of the basic materials company’s stock valued at $25,323,000 after buying an additional 949,823 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nevsun Resources by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock valued at $14,276,000 after buying an additional 292,766 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Nevsun Resources by 14.9% in the 2nd quarter. Franklin Resources Inc. now owns 10,722,600 shares of the basic materials company’s stock valued at $25,893,000 after buying an additional 1,387,500 shares in the last quarter.

In other news, insider Scott Trebilcock purchased 40,000 shares of the stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of C$2.82 per share, for a total transaction of C$112,800.00. Also, insider Peter Gerald Jan Kukielski purchased 105,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of C$2.62 per share, for a total transaction of C$275,100.00.

About Nevsun Resources

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.

Earnings History and Estimates for Nevsun Resources (TSE:NSU)

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