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Nevsun Resources (TSE:NSU) target price raised to $4.50, reported today by Scotia Capital

Yesterday Nevsun Resources (TSE:NSU) traded -2.51% lower at $4.27. The company’s 50-day moving average is $3.92 and its 200-day moving average is $4.06. The last stock close price is up 5.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 389,890 shares of the stock were exchanged, down from an average trading volume of 852,389

Nevsun Resources (TSE:NSU) had its target price raised to $4.50 by Scotia Capital in a report released 11/28/2016. The new target price indicates a possible upside of 0.05% based on the company's last stock close price.

Previously on 3/01/2016, Scotia Capital reported about Nevsun Resources (TSE:NSU) held steady the target price at $4.00. At the time, this indicated a possible downside of -0.09%.

See Chart Below

Nevsun Resources (TSE:NSU)

Nevsun Resources has a 52 week low of $3.27 and a 52 week high of $4.81 with a P/E ratio of 57.70 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $4.22 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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