Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) Director David Smith acquired 20,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average price of C$2.77 per share, with a total value of C$56,785.00.

Shares of Nevsun Resources (TSE:NSU) traded down C$0.02 during trading on Thursday, reaching C$2.77. 242,354 shares of the company were exchanged, compared to its average volume of 666,576. Nevsun Resources has a one year low of C$2.49 and a one year high of C$4.63.

A number of institutional investors have recently modified their holdings of NSU. K2 Principal Fund L.P. purchased a new position in Nevsun Resources in the second quarter worth approximately $169,000. Virtu KCG Holdings LLC lifted its stake in Nevsun Resources by 605.3% in the second quarter. Virtu KCG Holdings LLC now owns 77,446 shares of the basic materials company’s stock worth $187,000 after acquiring an additional 66,465 shares during the last quarter. Shell Asset Management Co. lifted its stake in Nevsun Resources by 87.7% in the third quarter. Shell Asset Management Co. now owns 47,620 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 22,248 shares during the last quarter. Bank of Nova Scotia lifted its stake in Nevsun Resources by 88.5% in the second quarter. Bank of Nova Scotia now owns 91,584 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 42,987 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Nevsun Resources by 2.7% in the second quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 4,332 shares during the last quarter.

A number of research analysts recently weighed in on the stock. Scotiabank restated an “outperform” rating and issued a C$4.75 price objective on shares of Nevsun Resources in a report on Tuesday, November 14th. Macquarie upgraded shares of Nevsun Resources from a “neutral” rating to an “outperform” rating in a report on Monday, November 13th. Canaccord Genuity lifted their price objective on shares of Nevsun Resources from C$3.25 to C$4.50 in a report on Monday, October 30th. Eight Capital upgraded shares of Nevsun Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the company from C$2.25 to C$4.25 in a report on Monday, October 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Nevsun Resources from C$4.00 to C$5.00 in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Nevsun Resources presently has an average rating of “Buy” and a consensus price target of C$4.31.

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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.

Insider Buying and Selling by Quarter for Nevsun Resources (TSE:NSU)

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