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Scotia Capital announced Nevsun Resources (TSE:NSU), boosting its stock price target to $4.75 today

Just yesterday Nevsun Resources (TSE:NSU) traded 12.98% higher at $3.05. Nevsun Resources’s 50-day moving average is $2.78 and its 200-day moving average is $3.03. The last stock price is up -2.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 2,272,988 shares of NSU traded hands, up from an average trading volume of 549,556

In a report released on Tuesday November 14, 2017 Scotia Capital increased the stock price target of Nevsun Resources (TSE:NSU) to $4.75 reporting a possible upside of 0.56%.

Previously on 10/27/2017, TD Securities released a statement about Nevsun Resources (TSE:NSU) increased the target price from $0.00 to $3.75. At the time, this indicated a possible upside of 0.23%.

Recent Performance Chart

Nevsun Resources (TSE:NSU)

Nevsun Resources has 52 week low of $2.49 and a 52 week high of $4.63 and has a market capitalization of $0.

In addition to Scotia Capital reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $4.28 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Nevsun Resources (TSE:NSU)

Nevsun Resources Ltd. is a base metals company. The Company's two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli. The Company's principal mining operation is the Bisha Mine, which is located on the Bisha Property. The Timok Project is located in eastern Serbia near the Bor Mining and Smelting complex. The Timok project is located within the central zone of the Timok Magmatic Complex (TMC), in the Serbian section of the East European Carpathian-Balkan Arc. In addition, the Company owns the New Mogoraib River Exploration License, which covers an area of 630 square kilometers and the Tabakin Exploration License covering 184 square kilometers both adjacent to the Bisha Mining License.

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