Worth Watching: Nevsun Resources (USA) on Focus After Crashing In Today’s Session

Worth Watching: Nevsun Resources (USA) on Focus After Crashing In Today's Session

The stock of Nevsun Resources (USA) (NYSEMKT:NSU) is a huge mover today! The stock decreased 1.62% or $0.05 during the last trading session, hitting $3.03. About 666,332 shares traded hands or 6.07% up from the average. Nevsun Resources (USA) (NYSEMKT:NSU) has declined 7.34% since February 29, 2016 and is downtrending. It has underperformed by 17.76% the S&P500.
The move comes after 6 months negative chart setup for the $889.13 million company. It was reported on Oct, 1 by Barchart.com. We have $2.85 PT which if reached, will make NYSEMKT:NSU worth $53.35M less.

Analysts await Nevsun Resources (USA) (NYSEMKT:NSU) to report earnings on November, 3. They expect $0.01 EPS, 0.00% or $0.00 from last year’s $0.01 per share. NSU’s profit will be $2.93M for 75.75 P/E if the $0.01 EPS becomes a reality. After $0.04 actual EPS reported by Nevsun Resources (USA) for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Nevsun Resources (USA) (NYSEMKT:NSU) Ratings Coverage

Out of 4 analysts covering Nevsun Resources (NYSEMKT:NSU), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Nevsun Resources has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, December 4. The firm has “Outperform” rating given on Thursday, September 3 by Raymond James.

According to Zacks Investment Research, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa.”

More recent Nevsun Resources (USA) (NYSEMKT:NSU) news were published by: Fool.com which released: “Why Ariad Pharmaceuticals, Nevsun Resources, and Ctrip.com International …” on June 17, 2016. Also Fool.com published the news titled: “Can We Bank on Nevsun’s 4% Dividend Yield?” on June 25, 2014. Theguardian.com‘s news article titled: “Eritreans sue Canadian mining firm Nevsun over human rights abuses” with publication date: December 09, 2014 was also an interesting one.

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