Nevsun Resources (TSE:NSU) Director Gary Edward German sold 20,000 shares of Nevsun Resources stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of C$3.72, for a total transaction of C$74,400.00.

Shares of Nevsun Resources (TSE:NSU) opened at 3.84 on Friday. The stock’s 50 day moving average is $4.09 and its 200 day moving average is $4.16. Nevsun Resources has a 12 month low of $3.27 and a 12 month high of $4.81. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of 47.41.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, September 28th.

Several research analysts have recently issued reports on NSU shares. Zacks Investment Research upgraded shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.00 price objective on the stock in a report on Thursday. Scotiabank restated a “sector perform” rating and set a C$5.00 price objective on shares of Nevsun Resources in a report on Wednesday, August 17th. Raymond James Financial Inc. dropped their price objective on shares of Nevsun Resources from C$5.00 to C$4.50 and set a “market perform” rating on the stock in a report on Wednesday. TD Securities restated a “buy” rating and set a C$5.50 price objective on shares of Nevsun Resources in a report on Friday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$6.50 price objective on shares of Nevsun Resources in a report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$5.31.

A number of hedge funds have recently made changes to their positions in NSU. Barclays PLC boosted its stake in shares of Nevsun Resources by 16.7% in the second quarter. Barclays PLC now owns 35,000 shares of the company’s stock worth $103,000 after buying an additional 5,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nevsun Resources by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 160,192 shares of the company’s stock worth $467,000 after buying an additional 12,600 shares in the last quarter. TFS Capital LLC boosted its stake in shares of Nevsun Resources by 51.3% in the second quarter. TFS Capital LLC now owns 38,466 shares of the company’s stock worth $113,000 after buying an additional 13,041 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Nevsun Resources by 14.6% in the first quarter. Aperio Group LLC now owns 115,856 shares of the company’s stock worth $375,000 after buying an additional 14,740 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Nevsun Resources by 8.1% in the second quarter. Alliancebernstein L.P. now owns 197,803 shares of the company’s stock worth $582,000 after buying an additional 14,890 shares in the last quarter.

Nevsun Resources Company Profile

Nevsun Resources Ltd. is a mining company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company’s segment is the mining business in Africa. The Company’s 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.

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