Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) – Research analysts at Haywood Securities lowered their FY2017 earnings per share estimates for shares of Nevsun Resources in a research note issued to investors on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the basic materials company will post earnings per share of ($0.17) for the year, down from their previous estimate of ($0.12).

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of Nevsun Resources from C$4.00 to C$5.00 in a research note on Monday, October 30th. Canaccord Genuity raised their price target on shares of Nevsun Resources from C$3.25 to C$4.50 in a research note on Monday, October 30th. Zacks Investment Research raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$2.25 price target on the stock in a research note on Thursday, August 24th. TD Securities raised shares of Nevsun Resources from a “hold” rating to a “buy” rating and set a C$3.75 price target on the stock in a research note on Friday, October 27th. Finally, Eight Capital raised shares of Nevsun Resources from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$2.25 to C$4.25 in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$4.31.

COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Nevsun Resources (NSU) Reduced by Haywood Securities” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://theolympiareport.com/2017/11/20/fy2017-eps-estimates-for-nevsun-resources-nsu-reduced-by-haywood-securities.html.

Shares of Nevsun Resources (TSE:NSU) opened at C$2.98 on Monday. Nevsun Resources has a 12 month low of C$2.49 and a 12 month high of C$4.63.

Hedge funds have recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in shares of Nevsun Resources by 87.7% during the 3rd quarter. Shell Asset Management Co. now owns 47,620 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 22,248 shares during the period. K2 Principal Fund L.P. purchased a new position in shares of Nevsun Resources during the 2nd quarter worth about $169,000. Virtu KCG Holdings LLC lifted its holdings in shares of Nevsun Resources by 605.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 77,446 shares of the basic materials company’s stock worth $187,000 after acquiring an additional 66,465 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Nevsun Resources by 88.5% during the 2nd quarter. Bank of Nova Scotia now owns 91,584 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 42,987 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Nevsun Resources by 2.7% during the 2nd quarter. Aperio Group LLC now owns 163,805 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 4,332 shares during the period.

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

Nevsun Resources Company Profile

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.

Earnings History and Estimates for Nevsun Resources (TSE:NSU)

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.