AGF Investments Inc. decreased its position in Nevsun Resources (TSE:NSU) (TSE:NSU) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 850,614 shares of the basic materials company’s stock after selling 5,048 shares during the quarter. AGF Investments Inc. owned about 0.28% of Nevsun Resources worth $2,054,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank grew its stake in shares of Nevsun Resources by 6.1% in the 2nd quarter. Swiss National Bank now owns 523,000 shares of the basic materials company’s stock valued at $1,263,000 after buying an additional 30,300 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Nevsun Resources in the 2nd quarter valued at approximately $811,000. Deprince Race & Zollo Inc. grew its stake in shares of Nevsun Resources by 36.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 232,720 shares of the basic materials company’s stock valued at $561,000 after buying an additional 62,720 shares in the last quarter. Aperio Group LLC grew its stake in shares of Nevsun Resources by 2.7% in the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock valued at $395,000 after buying an additional 4,332 shares in the last quarter. Finally, Sprott Inc. grew its stake in shares of Nevsun Resources by 0.4% in the 2nd quarter. Sprott Inc. now owns 3,431,806 shares of the basic materials company’s stock valued at $8,271,000 after buying an additional 14,055 shares in the last quarter.

In other Nevsun Resources news, insider Scott Trebilcock bought 40,000 shares of Nevsun Resources stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of C$2.82 per share, for a total transaction of C$112,800.00. Also, insider Peter Gerald Jan Kukielski bought 105,000 shares of Nevsun Resources stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of C$2.62 per share, with a total value of C$275,100.00.

NSU has been the subject of several analyst reports. Scotiabank restated a “sector perform” rating and issued a C$4.00 target price on shares of Nevsun Resources in a report on Monday, July 17th. TD Securities lowered Nevsun Resources from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$5.00 to C$4.00 in a report on Thursday, August 10th. Royal Bank Of Canada lowered Nevsun Resources from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$5.50 to C$4.00 in a report on Friday, August 11th. TheStreet lowered Nevsun Resources from a “c” rating to a “d+” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Nevsun Resources in a report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$4.13.

Shares of Nevsun Resources (TSE:NSU) opened at 2.72 on Monday. The firm’s market capitalization is $821.68 million. The company has a 50-day moving average price of $2.92 and a 200 day moving average price of $3.17. Nevsun Resources has a 12-month low of $2.49 and a 12-month high of $4.63.

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About Nevsun Resources

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.

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

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