Nevsun Resources Company Profile (TSE:NSU)

About Nevsun Resources (TSE:NSU)

Nevsun Resources logoNevsun 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. The Company's principal mining operation is the Bisha Mine, which is located on the Bisha Property. The Timok Project is located in eastern Serbia near the Bor Mining and Smelting complex. The Timok project is located within the central zone of the Timok Magmatic Complex (TMC), in the Serbian section of the East European Carpathian-Balkan Arc. In addition, the Company owns the New Mogoraib River Exploration License, which covers an area of 630 square kilometers and the Tabakin Exploration License covering 184 square kilometers both adjacent to the Bisha Mining License.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:NSU
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: C$1.02 billion
  • Outstanding Shares: 301,974,000
Average Prices:
  • 50 Day Moving Avg: C$3.23
  • 200 Day Moving Avg: C$3.78
  • 52 Week Range: C$2.83 - C$4.63
P/E:
  • Trailing P/E Ratio: 484.29
  • P/E Growth: -15.33
Sales & Book Value:
  • Annual Revenue: C$209.92 million
  • Price / Sales: 4.88
  • Book Value: C$3.08 per share
  • Price / Book: 1.10
Dividend:
  • Dividend Yield: 1.6%
Profitability:
  • EBIDTA: C$71.33 million
Misc:
  • Average Volume: 872,652 shs.
  • Short Ratio: 3.3
 

Frequently Asked Questions for Nevsun Resources (TSE:NSU)

What is Nevsun Resources' stock symbol?

Nevsun Resources trades on the Tornton Stock Exchange (TSX) under the ticker symbol "NSU."

How often does Nevsun Resources pay dividends? What is the dividend yield for Nevsun Resources?

Nevsun Resources announced a quarterly dividend on Monday, February 27th. Shareholders of record on Friday, March 31st will be given a dividend of 0.01 per share on Thursday, April 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, March 29th. View Nevsun Resources' Dividend History.

How were Nevsun Resources' earnings last quarter?

Nevsun Resources (TSE:NSU) released its quarterly earnings results on Thursday, February, 23rd. The company reported ($0.05) EPS for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.04. The business earned $36.19 million during the quarter. View Nevsun Resources' Earnings History.

Where is Nevsun Resources' stock going? Where will Nevsun Resources' stock price be in 2017?

6 brokers have issued 12-month price objectives for Nevsun Resources' shares. Their predictions range from C$4.25 to C$7.00. On average, they anticipate Nevsun Resources' stock price to reach C$5.22 in the next year. View Analyst Ratings for Nevsun Resources.

What are analysts saying about Nevsun Resources stock?

Here are some recent quotes from research analysts about Nevsun Resources stock:

  • 1. BMO Capital Markets analysts commented, "Nevsun reported a new resource update this morning with encouraging data points, including estimated higher zinc (Zn) recoveries from the Harena deposit, and a new high-grade resource at Asheli. As NSU's original Zn and copper (Cu) recovery targets are not yet proven to be achievable, we are modelling more conservative long-term recovery forecasts for Bisha. NSU's share price has not rebounded post the dividend cut last month and we believe the price has now reached an attractive valuation point, despite our more conservative forecast. We therefore upgrade NSU to Outperform." (3/24/2017)
  • 2. According to Zacks Investment Research, "NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company's portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company's principal mineral properties are the Bisha property located in Eritrea, North-East Africa. " (10/6/2016)

Who are some of Nevsun Resources' key competitors?

Who owns Nevsun Resources stock?

Nevsun Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include FIL Ltd (0.00%), Vanguard Group Inc. (0.00%), Jennison Associates LLC (1.80%), Renaissance Technologies LLC (0.00%), Walthausen & Co. LLC (0.00%) and Sprott Inc. (0.00%). Company insiders that own Nevsun Resources stock include Anne Elizabeth Giardini, Gary Edward German, Ian Pearce, Joseph Paul Giuffre, Peter Tam, Stephen Victor Scott and Thomas S Whelan. View Institutional Ownership Trends for Nevsun Resources.

Who sold Nevsun Resources stock? Who is selling Nevsun Resources stock?

Nevsun Resources' stock was sold by a variety of institutional investors in the last quarter, including Sprott Inc., Renaissance Technologies LLC, JPMorgan Chase & Co., Walthausen & Co. LLC, TD Asset Management Inc., Credit Suisse AG, Morgan Stanley and BARING ASSET MANAGEMENT Ltd. View Insider Buying and Selling for Nevsun Resources.

Who bought Nevsun Resources stock? Who is buying Nevsun Resources stock?

Nevsun Resources' stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, Wells Fargo & Company MN, Jennison Associates LLC, Vanguard Group Inc., Deprince Race & Zollo Inc., Karp Capital Management Corp, Schroder Investment Management Group and BlueCrest Capital Management Ltd. Company insiders that have bought Nevsun Resources stock in the last two years include Anne Elizabeth Giardini, Ian Pearce, Joseph Paul Giuffre, Peter Tam, Stephen Victor Scott and Thomas S Whelan. View Insider Buying and Selling for Nevsun Resources.

How do I buy Nevsun Resources stock?

Shares of Nevsun Resources and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

How much does a share of Nevsun Resources stock cost?

One share of Nevsun Resources stock can currently be purchased for approximately C$3.39.

Analyst Ratings

Consensus Ratings for Nevsun Resources (TSE:NSU) (?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: C$5.22

Analysts' Ratings History for Nevsun Resources (TSE:NSU)
Show:
DateFirmActionRatingPrice TargetDetails
4/28/2017ScotiabankReiterated RatingSector PerformC$4.25View Rating Details
4/28/2017TD SecuritiesLower Price TargetBuyC$5.50 -> C$5.00View Rating Details
4/24/2017Royal Bank of CanadaReiterated RatingOutperformView Rating Details
3/24/2017BMO Capital MarketsUpgradeMarket Perform -> OutperformC$4.50 -> C$4.25View Rating Details
2/27/2017Paradigm CapitalLower Price TargetC$7.70 -> C$6.50View Rating Details
2/24/2017Canaccord GenuityUpgradeHold -> BuyView Rating Details
10/5/2016Raymond James Financial, Inc.Lower Price TargetMarket PerformC$5.00 -> C$4.50View Rating Details
6/20/2016Dundee SecuritiesBoost Price TargetC$6.25 -> C$7.00View Rating Details
9/8/2015CIBCReiterated RatingSector Perform$5.50 -> $5.00View Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Nevsun Resources (TSE:NSU)
Earnings by Quarter for Nevsun Resources (TSE:NSU)
Earnings History by Quarter for Nevsun Resources (TSE:NSU)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/201712/31/2016($0.01)($0.05)$36.19 millionViewN/AView Earnings Details
10/27/2016Q316$0.01$0.01$22.50 million$22.90 millionViewN/AView Earnings Details
4/21/2016Q116$0.02$0.04$72.00 million$92.40 millionViewN/AView Earnings Details
10/29/2015$0.02$0.01ViewN/AView Earnings Details
7/30/2015Q2$0.08$0.05ViewN/AView Earnings Details
7/30/2015Q215$0.08$0.05$113.11 million$104.20 millionViewN/AView Earnings Details
4/30/2015Q115$0.06$0.06$108.12 million$117.20 millionViewN/AView Earnings Details
2/26/2015Q414$0.14$0.11$189.80 million$138.70 millionViewN/AView Earnings Details
10/30/2014Q3 2014$0.13$0.13$164.90 million$147.90 millionViewN/AView Earnings Details
8/4/2014$0.15$0.16ViewN/AView Earnings Details
7/31/2014Q2 2014$0.14$0.15$149.70 million$169.20 millionViewN/AView Earnings Details
5/8/2014$0.14$0.09ViewN/AView Earnings Details
5/6/2014Q1 2014$0.11$0.08$139.60 million$99.15 millionViewN/AView Earnings Details
3/12/2014$0.03($0.03)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Nevsun Resources (TSE:NSU)
2017 EPS Consensus Estimate: $0.09
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.03$0.03$0.03
Q2 20171$0.04$0.04$0.04
Q3 20171$0.01$0.01$0.01
Q4 20171$0.01$0.01$0.01
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Nevsun Resources (TSE:NSU)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/27/2017quarterly$0.011.51%3/29/20173/31/20174/13/2017
12/12/2016quarterly$0.044.85%12/28/201612/30/20161/13/2017
9/19/2016quarterly$0.045.08%9/28/20169/30/201610/14/2016
6/6/2016quarterly$0.044.6%6/16/20166/20/20167/8/2016
3/10/2016quarterly$0.044.66%3/29/20163/31/20164/15/2016
12/14/2015quarterly$0.046.45%12/29/201512/31/20151/15/2016
9/9/2015quarterly$0.045.3%9/28/20159/30/201510/15/2015
6/8/2015$0.046/26/20156/30/20157/15/2015
6/8/2015quarterly$0.043.8%6/26/20156/30/20157/15/2015
3/9/2015$0.043/27/20153/31/20154/15/2015
3/10/2015quarterly$0.044.72%3/27/20153/31/20154/15/2015
12/15/2014$0.0412/29/201412/31/20141/15/2015
12/16/2014quarterly$0.044.26%12/29/201412/31/20141/15/2015
9/11/2014quarterly$0.043.46%9/26/20149/30/201410/15/2014
9/9/2014quarterly$0.049/26/20149/30/201410/15/2014
5/27/2014quarterly$0.044.11%6/26/20146/30/20147/15/2014
5/23/2014quarterly$0.046/26/20146/30/20147/15/2014
2/24/2014quarterly$0.043.54%3/27/20143/31/20144/15/2014
2/24/2014quarterly$0.043/27/20143/31/20144/15/2014
11/14/2013$0.0712/27/201312/31/20131/15/2014
11/14/2013semiannual$0.073.97%12/27/201312/31/20131/15/2014
5/16/2013semiannual$0.074.01%6/26/20136/28/20137/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Nevsun Resources (TSE:NSU)
Insider Trades by Quarter for Nevsun Resources (TSE:NSU)
Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)
Insider Trades by Quarter for Nevsun Resources (TSE:NSU)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/11/2017Anne Elizabeth GiardiniDirectorBuy24,000C$3.13C$75,120.00
5/10/2017Anne Elizabeth GiardiniDirectorBuy46,000C$3.15C$144,900.00
5/9/2017Anne Elizabeth GiardiniDirectorBuy30,000C$3.09C$92,700.00
5/4/2017Joseph Paul GiuffreInsiderBuy10,000C$2.92C$29,200.00
5/4/2017Stephen Victor ScottDirectorBuy5,000C$2.85C$14,250.00
5/2/2017Stephen Victor ScottDirectorBuy7,500C$3.15C$23,625.00
5/1/2017Thomas S WhelanInsiderBuy50,000C$3.13C$156,500.00
3/17/2017Peter TamInsiderBuy10,000C$3.28C$32,800.00
3/9/2017Ian PearceDirectorBuy29,500C$2.50C$73,750.00
2/27/2017Joseph Paul GiuffreInsiderBuy18,500C$3.51C$64,935.00
10/5/2016Gary Edward GermanDirectorSell20,000C$3.72C$74,400.00
9/2/2016Thomas S WhelanInsiderBuy50,000C$4.10C$205,000.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Nevsun Resources (TSE:NSU)
Latest Headlines for Nevsun Resources (TSE:NSU)
Source:
DateHeadline
finance.yahoo.com logoNevsun Resources Ltd. – Value Analysis (TORONTO:NSU) : May 23, 2017
finance.yahoo.com - May 23 at 6:26 PM
finance.yahoo.com logoNevsun Resources Ltd. breached its 50 day moving average in a Bullish Manner : NSU-CA : May 22, 2017
finance.yahoo.com - May 22 at 9:52 AM
seekingalpha.com logoNevsun: Confusion Creates Value Opportunity - Seeking Alpha
seekingalpha.com - May 19 at 11:40 AM
seekingalpha.com logoNevsun Resources: Top Line Mining Play
seekingalpha.com - May 16 at 6:38 PM
americanbankingnews.com logoNevsun Resources (NSU) Director Buys 24,000 Shares
www.americanbankingnews.com - May 11 at 4:29 PM
americanbankingnews.com logoAnne Elizabeth Giardini Purchases 30,000 Shares of Nevsun Resources (NSU) Stock
www.americanbankingnews.com - May 11 at 12:04 AM
americanbankingnews.com logoAnne Elizabeth Giardini Purchases 46,000 Shares of Nevsun Resources (NSU) Stock
www.americanbankingnews.com - May 10 at 11:44 PM
streetinsider.com logoNevsun Resources (NSU) Appoints Peter Kukielski as CEO - StreetInsider.com
www.streetinsider.com - May 10 at 12:00 PM
seekingalpha.com logoNevsun Resources names Kukielski as new President/CEO
seekingalpha.com - May 8 at 12:17 PM
streetinsider.com logoNevsun Resources (NSU) Appoints Peter Kukielski as CEO
www.streetinsider.com - May 8 at 12:17 PM
americanbankingnews.com logoNevsun Resources (NSU) Director Stephen Victor Scott Purchases 5,000 Shares
www.americanbankingnews.com - May 5 at 9:41 AM
americanbankingnews.com logoInsider Buying: Nevsun Resources (NSU) Insider Purchases 10,000 Shares of Stock
www.americanbankingnews.com - May 5 at 9:40 AM
americanbankingnews.com logoNevsun Resources (NSU) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 5 at 8:18 AM
finance.yahoo.com logoNevsun Releases 2016 Corporate Social Responsibility Report
finance.yahoo.com - May 4 at 6:59 PM
americanbankingnews.com logoNevsun Resources (NSU) Director Stephen Victor Scott Purchases 7,500 Shares
www.americanbankingnews.com - May 4 at 12:30 AM
americanbankingnews.com logoNevsun Resources (NSU) Insider Thomas S. Whelan Acquires 50,000 Shares
www.americanbankingnews.com - May 3 at 11:12 PM
americanbankingnews.com logoNevsun Resources (NSU) Given Daily News Sentiment Rating of 0.16
www.americanbankingnews.com - May 3 at 6:48 PM
finance.yahoo.com logoNevsun Receives Strong Support from Shareholders at 2017 AGM
finance.yahoo.com - May 3 at 5:54 PM
americanbankingnews.com logoStephen Victor Scott Buys 7,500 Shares of Nevsun Resources (NSU) Stock
www.americanbankingnews.com - May 2 at 7:12 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Unlikely to Impact Nevsun Resources (NSU) Stock Price
www.americanbankingnews.com - April 30 at 3:27 PM
finance.yahoo.com logoEdited Transcript of NSU.TO earnings conference call or presentation 28-Apr-17 3:00pm GMT
finance.yahoo.com - April 29 at 7:22 PM
americanbankingnews.com logoNevsun Resources (NSU) Price Target Cut to C$5.00
www.americanbankingnews.com - April 29 at 10:06 AM
americanbankingnews.com logoNevsun Resources (NSU) Given "Sector Perform" Rating at Scotiabank
www.americanbankingnews.com - April 29 at 10:06 AM
seekingalpha.com logoNevsun Resources' (NSU) CEO Cliff Davis on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 29 at 12:56 AM
seekingalpha.com logoNevsun: More Downside Ahead Or Is A Bottom In?
seekingalpha.com - April 28 at 7:55 PM
marketbeat.com logoNevsun posts 1Q loss
marketbeat.com - April 27 at 7:45 PM
finance.yahoo.com logoNevsun Continues to Rapidly Advance Timok and Produces Copper at Bisha in Q1 2017
finance.yahoo.com - April 27 at 7:25 PM
seekingalpha.com logoNevsun Resources beats by $0.02, misses on revenue
seekingalpha.com - April 27 at 7:22 PM
americanbankingnews.com logoNevsun Resources (NSU) Earns Media Sentiment Score of 0.02
www.americanbankingnews.com - April 27 at 6:55 PM
fool.ca logoForget the Dividend: Nevsun Resources is an Attractive Growth Play
www.fool.ca - April 25 at 6:07 PM
seekingalpha.com logoResource Sector Digest: A Dog's Breakfast
seekingalpha.com - April 25 at 10:23 AM
americanbankingnews.com logoNevsun Resources (NSU) Earns Outperform Rating from Royal Bank of Canada
www.americanbankingnews.com - April 24 at 7:16 PM
americanbankingnews.com logoNevsun Resources (NSU) Earning Very Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 24 at 9:34 AM
finance.yahoo.com logoNevsun Completes Timok Upper Zone Infill Drilling and Provides Project Update
finance.yahoo.com - April 20 at 9:24 AM
americanbankingnews.com logoNevsun Resources (NSU) Getting Somewhat Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 17 at 4:20 PM
americanbankingnews.com logoNevsun Resources (NSU) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 17 at 8:58 AM
americanbankingnews.com logoNevsun Resources (NSU) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 10 at 8:52 AM
seekingalpha.com logoNevsun Adds $1.5 Billion To Its Ethiopian Resources, The Market Only Yawns
seekingalpha.com - April 7 at 7:19 PM
finance.yahoo.com logoNevsun Extends Harena 150 Metres Beyond Current Resource and Identifies New Regional Targets from VTEM Survey
finance.yahoo.com - April 7 at 11:34 AM
finance.yahoo.com logoNevsun Announces Q1 2017 Financial Results Release Date
finance.yahoo.com - April 3 at 9:43 AM
finance.yahoo.com logoResearch Reports Initiated on Basic Materials Yorbeau Resources, MAG Silver, Nevsun Resources, and GoGold Resources
finance.yahoo.com - March 31 at 9:11 AM
nasdaq.com logoNevsun Resources Ltd (NSU) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq
www.nasdaq.com - March 28 at 10:03 AM
streetinsider.com logoBMO Capital Upgrades Nevsun Resources (NSU) to Outperform - StreetInsider.com
www.streetinsider.com - March 24 at 6:48 PM
americanbankingnews.com logoNevsun Resources (NSU) Upgraded at BMO Capital Markets
www.americanbankingnews.com - March 24 at 11:47 AM
finance.yahoo.com logoNevsun Delivers Substantial Resource Growth at Bisha from 2016 Drilling
finance.yahoo.com - March 23 at 7:26 PM
prnewswire.com logoDevelopments in the Base Metals Industry
www.prnewswire.com - March 7 at 10:02 AM
seekingalpha.com logoNevsun Resources' (NSU) CEO Cliff Davis on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 2 at 12:03 AM
seekingalpha.com logoNevsun Resources: Investors Overreacted, The Upside Is Huge
seekingalpha.com - February 28 at 10:30 AM
seekingalpha.com logoNevsun: I'm Disappointed I Didn't Predict This
seekingalpha.com - February 26 at 5:57 PM
seekingalpha.com logoNevsun Resources -8% on earnings disappointment, big dividend cut
seekingalpha.com - February 24 at 7:57 PM

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Chart

Nevsun Resources (NSU) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff