Reissued their buy rating on shares of Nevsun Resources Paradigm Capital
reissued their buy rating on shares of Nevsun Resources (TSE:NSU) in a research report sent to investors on Tuesday morning. The firm currently has a C$8.50 price target on the stock, up from their previous price target of C$8.25.
Paradigm Capital has also taken action a number of other stocks recently. The firm downgraded shares of Sierra Wireless, Inc. to a hold rating. Also, Paradigm Capital raised its price target on shares of Cameco Co. from C$26.00 to C$28.00. They have a buy rating on that stock.
Shares of Nevsun Resources (TSE:NSU) opened at 4.19 on Tuesday. Nevsun Resources has a 52 week low of $3.14 and a 52 week high of $4.74. The stock’s 50-day moving average is $4.03 and its 200-day moving average is $3.9. The company has a market cap of $835.4 million and a P/E ratio of 45.16.
Nevsun Resources (TSE:NSU) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. On average, analysts predict that Nevsun Resources will post $0.62 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity raised their price target on shares of Nevsun Resources to C$5.00 in a research note on Tuesday, July 15th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Nevsun Resources has a consensus rating of Buy and an average price target of C$5.63.
Nevsun Resources Ltd. is a Canadian mineral resource company. The Company, through its subsidiariesis engaged in the acquisition, exploration, development, and production of mineral properties.