Nevsun Resources Ltd. engages in the acquisition, exploration, development, and operation of mineral properties in Africa. It explores for gold, copper, zinc, and silver deposits. The companys principal assets include its 100% interest in the upper zone and 60.4% interest in the lower zone of the Timok project, a copper-gold development project in Serbia; and its 60% owned Bisha mine in Eritrea. It also has two mineral exploration concessions and two prospecting concessions in Macedonia. The company was incorporated in 1965 and is headquartered in Vancouver, Canada.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Copper
- Sub-Industry: N/A
- Symbol: TSE:NSU
- CUSIP: N/A
- Web: www.nevsun.com
- Market Cap: C$631.36 million
- Outstanding Shares: 302,087,000
- 50 Day Moving Avg: C$3.10
- 200 Day Moving Avg: C$3.31
- 52 Week Range: C$1.96 - C$3.52
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 26.13
- P/E Growth: 12.58
- Annual Revenue: C$196.85 million
- Price / Sales: 3.21
- Book Value: C$2.92 per share
- Price / Book: 0.72
- EBIDTA: C$42.85 million
- Net Margins: -106.23%
- Return on Equity: -19.71%
- Return on Assets: -22.57%
- Average Volume: 739,136 shs.
- Short Ratio: 4.27
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 Friday, June 2nd. Shareholders of record on Friday, June 30th will be paid a dividend of 0.01 per share on Monday, July 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, June 28th. View Nevsun Resources' Dividend History.
How were Nevsun Resources' earnings last quarter?
Nevsun Resources (TSE:NSU) announced its quarterly earnings data on Thursday, February, 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $0.04. The company had revenue of $36.19 million for the quarter. Nevsun Resources had a negative return on equity of 19.71% and a negative net margin of 106.23%. View Nevsun Resources' Earnings History.
When will Nevsun Resources make its next earnings announcement?
Where is Nevsun Resources' stock going? Where will Nevsun Resources' stock price be in 2017?
6 brokerages have issued twelve-month price targets for Nevsun Resources' shares. Their forecasts range from C$3.25 to C$6.50. On average, they anticipate Nevsun Resources' share price to reach C$4.36 in the next twelve months. 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?
Some companies that are related to Nevsun Resources include Breedon Group PLC (BREE), Secure Energy Services (SES), Cosan Limited (CZZ), Orion Engineered Carbons S.A (OEC), Interfor Corp (IFP), Sirius Minerals PLC (SXX), Labrador Iron Ore Royalty Corporation (LIF), Trican Well Service Ltd (TCW), Silver Standard Resources (SSRM), Dominion Diamond Corporation (DDC), Kelt Exploration Ltd (KEL), Nuvista Energy Ltd (NVA), TriMas Corp (TRS), Kraton Corporation (KRA), First Majestic Silver Corp. (AG), Atkore International Group (ATKR), Mechel PAO (MTL) and OM Group (OMG).
Who are Nevsun Resources' key executives?
Nevsun Resources' management team includes the folowing people:
- Ian Wilton Pearce, Chairman of the Board
- Peter Gerald Jan Kukielski, President, Chief Executive Officer, Director
- Thomas S. Whelan, Chief Financial Officer
- Frazer W. Bourchier, Chief Operating Officer
- Peter Tam, Vice President - Finance
- Ken Engquist, Vice President - Project Development
- Peter M. Manojlovic, Vice President - Exploration
- Todd E. Romaine, Vice President - Corporate Social Responsibility
- Scott A. Trebilcock, Chief Development Officer
- Joseph P. Giuffre, Chief Legal Officer and Corporate Secretary
Who owns Nevsun Resources stock?
Nevsun Resources' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Prudential PLC (12.12%), Franklin Resources Inc. (3.55%), FIL Ltd (3.47%), Vanguard Group Inc. (1.94%), Jennison Associates LLC (1.66%) and Intact Investment Management Inc. (1.43%). 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 Bank of Montreal Can, The Manufacturers Life Insurance Company , TD Asset Management Inc., Jennison Associates LLC, Schroder Investment Management Group, Wells Fargo & Company MN, Intact Investment Management Inc. and Public Sector Pension investment Board. 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 Franklin Resources Inc., FIL Ltd, Royal Bank of Canada, Tocqueville Asset Management L.P., Vanguard Group Inc., K2 Principal Fund L.P., Virtu KCG Holdings LLC and CIBC World Markets Inc.. 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.
What is Nevsun Resources' stock price today?
MarketBeat Community Rating for Nevsun Resources (TSE NSU)MarketBeat's community ratings are surveys of what our community members think about Nevsun Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Nevsun Resources stock can currently be purchased for approximately C$2.09.
Consensus Ratings for Nevsun Resources (TSE:NSU) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.17)|
|Consensus Price Target: ||C$4.36|
Analysts' Ratings History for Nevsun Resources (TSE:NSU)
(Data available from 8/21/2015 forward)
|8/17/2017||Eight Capital||Reiterated Rating||Neutral|
|8/16/2017||BMO Capital Markets||Downgrade||Outperform -> Market Perform||C$4.00 -> C$3.25|
|8/15/2017||Raymond James Financial, Inc.||Reiterated Rating||Mkt Perform -> Mkt Perform|
|8/11/2017||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||C$5.50 -> C$4.00|
|8/10/2017||Scotiabank||Lower Price Target||Sector Perform||C$4.00 -> C$3.50|
|8/10/2017||TD Securities||Downgrade||Buy -> Hold||C$5.00 -> C$4.00|
|2/27/2017||Paradigm Capital||Lower Price Target||C$7.70 -> C$6.50|
|2/24/2017||Canaccord Genuity||Upgrade||Hold -> Buy|
|6/20/2016||Dundee Securities||Boost Price Target||C$6.25 -> C$7.00|
|9/8/2015||CIBC||Reiterated Rating||Sector Perform||$5.50 -> $5.00|
Earnings History for Nevsun Resources (TSE:NSU)Earnings History by Quarter for Nevsun Resources (TSE NSU)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017|| || || || || || || || |
|10/27/2016||Q316||$0.01||$0.01||$22.50 million||$22.90 million||View||N/A|
|4/21/2016||Q116||$0.02||$0.04||$72.00 million||$92.40 million||View||N/A|
|7/30/2015||Q215||$0.08||$0.05||$113.11 million||$104.20 million||View||N/A|
|4/30/2015||Q115||$0.06||$0.06||$108.12 million||$117.20 million||View||N/A|
|2/26/2015||Q414||$0.14||$0.11||$189.80 million||$138.70 million||View||N/A|
|10/30/2014||Q3 2014||$0.13||$0.13||$164.90 million||$147.90 million||View||N/A|
|7/31/2014||Q2 2014||$0.14||$0.15||$149.70 million||$169.20 million||View||N/A|
|5/6/2014||Q1 2014||$0.11||$0.08||$139.60 million||$99.15 million||View||N/A|
Earnings Estimates for Nevsun Resources (TSE:NSU)
2017 EPS Consensus Estimate: $0.09
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Nevsun Resources (TSE NSU)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Nevsun Resources (TSE:NSU)Insider Trades by Quarter for Nevsun Resources (TSE:NSU)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/11/2017||Anne Elizabeth Giardini||Director||Buy||24,000||C$3.13||C$75,120.00|
|5/10/2017||Anne Elizabeth Giardini||Director||Buy||46,000||C$3.15||C$144,900.00|
|5/9/2017||Anne Elizabeth Giardini||Director||Buy||30,000||C$3.09||C$92,700.00|
|5/4/2017||Joseph Paul Giuffre||Insider||Buy||10,000||C$2.92||C$29,200.00|
|5/4/2017||Stephen Victor Scott||Director||Buy||5,000||C$2.85||C$14,250.00|
|5/2/2017||Stephen Victor Scott||Director||Buy||7,500||C$3.15||C$23,625.00|
|5/1/2017||Thomas S Whelan||Insider||Buy||50,000||C$3.13||C$156,500.00|
|2/27/2017||Joseph Paul Giuffre||Insider||Buy||18,500||C$3.51||C$64,935.00|
|10/5/2016||Gary Edward German||Director||Sell||20,000||C$3.72||C$74,400.00|
|9/2/2016||Thomas S Whelan||Insider||Buy||50,000||C$4.10||C$205,000.00|
Headline Trends for Nevsun Resources (TSE:NSU)
Latest Headlines for Nevsun Resources (TSE:NSU)
|BMO Capital Downgrades Nevsun Resources (NSU) to Market Perform - StreetInsider.com|
www.streetinsider.com - August 17 at 9:56 PM
|Nevsun Resources (NSU) Stock Rating Reaffirmed by Eight Capital|
www.americanbankingnews.com - August 17 at 2:23 PM
|Nevsun Resources (NSU) Rating Lowered to Market Perform at BMO Capital Markets|
www.americanbankingnews.com - August 16 at 8:56 AM
|Raymond James Financial, Inc. Reiterates Mkt Perform Rating for Nevsun Resources (NSU)|
www.americanbankingnews.com - August 15 at 3:38 PM
|Nevsun Resources (NSU) Receives Average Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - August 15 at 2:50 PM
|Nevsun Resources: Copper/Zinc Catalysts Ahead - Seeking Alpha - Seeking Alpha|
seekingalpha.com - August 15 at 4:13 AM
|Nevsun Resources (NSU) Downgraded by TheStreet to D+|
www.americanbankingnews.com - August 12 at 3:58 PM
|Nevsun Resources' (NSU) CEO Cliff Davis on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 12 at 6:24 AM
|Nevsun Resources (TSE:NSU) Rating Lowered to Sector Perform at Royal Bank Of Canada|
www.americanbankingnews.com - August 11 at 8:08 PM
|Nevsun Resources' (NSU) CEO Peter Kukielski on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 11 at 7:02 AM
|Edited Transcript of NSU.TO earnings conference call or presentation 10-Aug-17 3:00pm GMT|
finance.yahoo.com - August 11 at 7:02 AM
|Nevsun Resources (NSU) Price Target Lowered to C$3.50 at Scotiabank|
www.americanbankingnews.com - August 10 at 4:16 PM
|Nevsun Resources (TSE:NSU) Rating Lowered to Hold at TD Securities|
www.americanbankingnews.com - August 10 at 4:16 PM
|Nevsun Announces Q2 Financial Results, Strategic Update and Annual Reserves - PR Newswire (press release)|
www.prnewswire.com - August 10 at 6:16 AM
|Nevsun Announces Q2 Financial Results, Strategic Update and Annual Reserves|
finance.yahoo.com - August 10 at 6:16 AM
|Nevsun reports 2Q loss|
finance.yahoo.com - August 10 at 6:16 AM
|Nevsun Resources Ltd. :NSU-CA: Earnings Analysis: Q1, 2017 By the Numbers : August 4, 2017|
finance.yahoo.com - August 4 at 8:51 PM
|Nevsun Resources (TSE:NSU) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - August 2 at 8:20 AM
|Nevsun: Timok Is Worth More Than Its Market Cap|
seekingalpha.com - July 27 at 5:24 AM
|Nevsun Resources Ltd. breached its 50 day moving average in a Bullish Manner : NSU-CA : July 26, 2017|
finance.yahoo.com - July 27 at 5:24 AM
|ETFs with exposure to Nevsun Resources Ltd. : July 24, 2017|
finance.yahoo.com - July 25 at 6:17 AM
|Nevsun Resources (NSU) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - July 21 at 2:45 PM
|Nevsun Resources: Significantly Undervalued Mining Corporation - Seeking Alpha|
seekingalpha.com - July 20 at 2:36 AM
|Nevsun Reports Final High Grade Infill Drill Results at Timok Upper Zone|
finance.yahoo.com - July 20 at 2:36 AM
|Nevsun Resources (NSU) Given a C$4.00 Price Target at Scotiabank|
www.americanbankingnews.com - July 17 at 4:44 PM
|Nevsun's Bisha Mine Back On Track? - Seeking Alpha|
seekingalpha.com - July 17 at 9:29 AM
|Nevsun Announces the Expiration of Cliff Davis's Transition Period|
finance.yahoo.com - July 15 at 7:00 AM
|ETFs with exposure to Nevsun Resources Ltd. : July 14, 2017|
finance.yahoo.com - July 15 at 7:00 AM
|Nevsun Resources (NSU) Reports Bisha Q2 Operating Results - StreetInsider.com|
www.streetinsider.com - July 14 at 7:00 AM
|Nevsun Reports Increased Copper Production in Bisha Q2 Operating Results|
finance.yahoo.com - July 14 at 7:00 AM
|Nevsun Resources Ltd. breached its 50 day moving average in a Bullish Manner : NSU-CA : July 12, 2017|
finance.yahoo.com - July 13 at 7:25 AM
|Top 5 Mining Stocks To Watch In 2017: H1 Review - Seeking Alpha|
seekingalpha.com - July 7 at 7:43 AM
|Today's Research Reports on Lundin Mining Corp, Nevsun Resources, Trevali Mining Corp., and Wheaton Precious Metals Corp.|
finance.yahoo.com - July 5 at 9:02 AM
|Nevsun Reports New Lower Zone Drill Results at Timok|
finance.yahoo.com - June 30 at 2:33 AM
|Nevsun Offers A Margin Of Safety With Huge Potential - Video|
seekingalpha.com - June 28 at 8:24 PM
|Nevsun Resources Ltd (NSU) Ex-Dividend Date Scheduled for June 28, 2017 - Nasdaq|
www.nasdaq.com - June 27 at 6:59 PM
|Nevsun Resources Announces Q2 Results Date and Updates Bisha Reserve Release Date|
finance.yahoo.com - June 27 at 6:59 PM
|Nevsun Resources (NSU) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - June 26 at 2:30 PM
|Nevsun Resources (NSU) Appoints Ian Pearce as Board Chair - StreetInsider.com|
www.streetinsider.com - June 26 at 8:40 AM
|Nevsun Resources Appoints New Board Chair|
finance.yahoo.com - June 26 at 8:40 AM
|ETFs with exposure to Nevsun Resources Ltd. : June 15, 2017|
finance.yahoo.com - June 16 at 8:19 AM
|Nevsun Resources Ltd. breached its 50 day moving average in a Bearish Manner : NSU-CA : June 13, 2017|
finance.yahoo.com - June 13 at 9:25 AM
|Nevsun Resources (NSU) to Issue $0.01 Quarterly Dividend|
www.americanbankingnews.com - June 5 at 9:14 AM
|Nevsun Declares Second Quarterly Dividend of 2017|
finance.yahoo.com - June 1 at 7:45 PM
|Nevsun Resources (NSU) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - May 30 at 2:28 PM
|Nevsun Resources Ltd. – Value Analysis (TORONTO:NSU) : May 23, 2017|
finance.yahoo.com - May 23 at 6:26 PM
|Nevsun 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
|Nevsun: Confusion Creates Value Opportunity - Seeking Alpha|
seekingalpha.com - May 19 at 11:40 AM
|Nevsun Resources: Top Line Mining Play|
seekingalpha.com - May 16 at 6:38 PM
|Nevsun Resources (NSU) Director Buys 24,000 Shares|
www.americanbankingnews.com - May 11 at 4:29 PM
Nevsun Resources (NSU) Chart for Monday, August, 21, 2017