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 (TSE:NSU) (NYSEAMERICAN:NSU) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$98.62 million for the quarter. Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%.

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.

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Analyst Recommendations for Nevsun Resources (TSE:NSU)

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