Nevsun Resources (TSE: NSU)‘s stock had its “sector perform” rating reaffirmed by analysts at Scotiabank in a research report issued to clients and investors on Thursday, ARN reports. They currently have a C$5.50 price target on the stock, up from their previous price target of C$5.30. Scotiabank’s price target suggests a potential upside of 77.99% from the company’s current price.
A number of other analysts have also recently weighed in on NSU. Analysts at TD Securities cut their price target on shares of Nevsun Resources from C$4.50 to C$4.00 in a research note to investors on Tuesday, June 18th. They now have a “hold” rating on the stock. Separately, analysts at CIBC upgraded shares of Nevsun Resources from an “underperform” rating to a “sector perform” rating in a research note to investors on Tuesday, May 14th. Finally, analysts at Raymond James initiated coverage on shares of Nevsun Resources in a research note to investors on Friday, May 3rd. They set an “outperform” rating and a C$4.50 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Nevsun Resources currently has a consensus rating of “Hold” and an average target price of C$4.75.
Nevsun Resources (TSE: NSU) opened at 3.05 on Thursday. Nevsun Resources has a 52-week low of $2.75 and a 52-week high of $4.96. The stock’s 50-day moving average is currently $3.41. The company has a market cap of $607.0 million and a price-to-earnings ratio of 5.49.
Nevsun Resources Ltd. (TSE: NSU) is a gold and base metal mining and exploration company.