Scotiabank Reaffirms Outperform Rating for Nevsun Resources (NSU)

Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU)‘s stock had its “outperform” rating reissued by equities researchers at Scotiabank in a research note issued to investors on Tuesday. They currently have a C$5.00 target price on the basic materials company’s stock. Scotiabank’s price objective suggests a potential upside of 45.77% from the company’s previous close.

TSE:NSU opened at C$3.43 on Tuesday. Nevsun Resources has a twelve month low of C$2.49 and a twelve month high of C$3.45.

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Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last released its quarterly earnings results on Thursday, March 1st. The basic materials company reported C($0.01) earnings per share for the quarter. The company had revenue of C$102.36 million during the quarter. Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%.

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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 its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha copper- zinc mine in Eritrea.

Analyst Recommendations for Nevsun Resources (TSE:NSU)

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