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Nevsun Resources (TSE:NSU) stock price target raised to $5.00, issued a report today by Scotia Capital

Nevsun Resources (TSE:NSU) had its price target upped to $5.00 by Scotia Capital in a report released 9/30/2016. The bumped up target suggests a possible upside of 0.26% from the company's most recent stock price close.

Showing a price of $3.98, Nevsun Resources (TSE:NSU) traded -1.49% lower on the day. With the last stock price close down -4.95% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. NSU has recorded a 50-day average of $4.15 and a two hundred day average of $4.19. 339,559 shares of the stock were exchanged, down from an average trading volume of 851,408

Performance Chart

Nevsun Resources (TSE:NSU)

With a total market value of $0, Nevsun Resources has one year low of $3.27 and a one year high of $4.81 with a P/E ratio of 49.14 .

In addition to Scotia Capital reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $4.55 with 0 brokerages rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Nevsun Resources (TSE:NSU)

Nevsun Resources Ltd is a Canada-based base metals mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its segment is the mining business in Africa. Its principal property is the Bisha Property, which hosts a gold, copper and zinc deposit, and includes satellite volcanogenic massive sulfides (VMS) deposits at Harena, Northwest, Hambok, Aderat and Asheli. The Company's principal mining operation is the Bisha Mine, an open pit copper-zinc mine. The Company owns the Mogoraib River Exploration License, which covers an area of approximately 41.1 square kilometers. The Bisha Mine is located approximately 150 kilometers west of Asmara, over 40 kilometers southwest of the regional town of Akurdat and approximately 50 kilometers north of Barentu, the regional or zone Administration Centre of the GashBarka District, in Eritrea. The Company also develops the Timok copper and gold project, which is located in Serbia.

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