UPGRADE! Research analysts
at Raymond James hoisted their price objective on shares of Nevsun Resources (TSE:NSU) from C$4.50 to C$5.00 in a report released on Thursday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 56.74% from the stock’s previous close.
A number of other analysts have also recently weighed in on NSU. Analysts at CIBC reiterated a “sector perform” rating on shares of Nevsun Resources in a research note to investors on Wednesday, November 13th. They now have a C$4.50 price target on the stock. Separately, analysts at Paradigm Capital cut their price target on shares of Nevsun Resources to C$8.25 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Nevsun Resources from C$5.00 to C$4.30 in a research note to investors on Wednesday, November 6th. They now have a “sector perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$5.23.
Shares of Nevsun Resources (TSE:NSU) traded up 4.70% during mid-day trading on Thursday, hitting $3.34. 68,431 shares of the company’s stock traded hands. Nevsun Resources has a one year low of $2.77 and a one year high of $4.63. The stock has a 50-day moving average of $3.57 and a 200-day moving average of $3.44. The company has a market cap of $665.7 million and a price-to-earnings ratio of 15.95.