Deprince Race & Zollo Inc. increased its stake in Nevsun Resources (TSE:NSU) (TSE:NSU) by 36.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,720 shares of the basic materials company’s stock after buying an additional 62,720 shares during the period. Deprince Race & Zollo Inc. owned 0.08% of Nevsun Resources worth $561,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FIL Ltd increased its stake in shares of Nevsun Resources by 75.8% in the first quarter. FIL Ltd now owns 9,542,826 shares of the basic materials company’s stock valued at $24,536,000 after buying an additional 4,113,409 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Nevsun Resources by 1,523.6% in the first quarter. Wells Fargo & Company MN now owns 2,827,905 shares of the basic materials company’s stock valued at $7,240,000 after buying an additional 2,653,735 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Nevsun Resources by 51.4% in the first quarter. Jennison Associates LLC now owns 5,437,404 shares of the basic materials company’s stock valued at $13,964,000 after buying an additional 1,845,017 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Nevsun Resources by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,576,489 shares of the basic materials company’s stock valued at $14,276,000 after buying an additional 292,766 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Nevsun Resources during the first quarter valued at $408,000.

Shares of Nevsun Resources (TSE:NSU) opened at 2.63 on Monday. The stock has a 50 day moving average price of $3.10 and a 200-day moving average price of $3.31. The company’s market cap is $794.49 million. Nevsun Resources has a 1-year low of $2.49 and a 1-year high of $4.63.

COPYRIGHT VIOLATION WARNING: “Deprince Race & Zollo Inc. Buys 62,720 Shares of Nevsun Resources (NSU)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/21/deprince-race-zollo-inc-buys-62720-shares-of-nevsun-resources-nsu.html.

NSU has been the topic of several recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a C$4.00 target price on shares of Nevsun Resources in a research note on Monday, July 17th. Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Nevsun Resources in a research note on Tuesday, August 15th. TheStreet downgraded Nevsun Resources from a “c” rating to a “d+” rating in a research note on Thursday, August 10th. Royal Bank Of Canada downgraded Nevsun Resources from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$5.50 to C$4.00 in a research note on Friday, August 11th. Finally, TD Securities downgraded Nevsun Resources from a “buy” rating to a “hold” rating and cut their target price for the company from C$5.00 to C$4.00 in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Nevsun Resources presently has a consensus rating of “Hold” and an average target price of C$4.19.

Nevsun Resources Company Profile

Nevsun Resources Ltd. engages in the acquisition, exploration, development, and operation of mineral properties in Africa. It explores for gold, copper, zinc, and silver deposits. The company’s principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha mine in Eritrea.

Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)

Receive News & Stock Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related stocks with our FREE daily email newsletter.