Nevsun Resources (NSU) Downgraded to Tender at Eight Capital
Eight Capital cut shares of Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) from a buy rating to a tender rating in a report issued on Thursday morning. The brokerage currently has C$6.00 target price on the basic materials company’s stock, up from their prior target price of C$5.75.
NSU has been the topic of a number of other reports. Royal Bank of Canada upped their price target on Nevsun Resources from C$4.00 to C$5.00 and gave the company a sector perform rating in a report on Friday, June 15th. Cormark upped their price target on Nevsun Resources from C$5.25 to C$5.50 in a report on Wednesday, June 27th. Finally, Raymond James upped their price target on Nevsun Resources from C$5.00 to C$6.00 and gave the company a market perform rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of C$4.94.
Shares of TSE:NSU opened at C$5.82 on Thursday. Nevsun Resources has a 1 year low of C$2.50 and a 1 year high of C$5.85.
Nevsun Resources Company Profile
Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.
See Also: Stop Order
Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with MarketBeat.com's FREE daily email newsletter.