On a relative basis, the stock has outperformed the S&P 500 by 1.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.32% and the stock has fallen -1.88% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 0.39%.The 200 Day SMA reached 2.77% Nevsun Resources Ltd. is up 3.99% in the last 3-month period. Year-to-Date the stock performance stands at 18.3%.
Nevsun Resources Ltd (NSU) : The most positive equity analysts on Nevsun Resources Ltd (NSU) expects the shares to touch $4, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $3.75 with an expected fluctuation of $0.07 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Nevsun Resources Ltd (NYSEMKT:NSU): stock was range-bound between the intraday low of $3.12 and the intraday high of $3.23 after having opened at $3.23 on Fridays session. The stock finally closed in the red at $3.23, a loss of -2.80%. The stock remained in the red for the whole trading day. The total traded volume was 928,773 shares. The stock failed to cross $3.23 in Fridays trading. The stocks closing price on Thursday was $3.13.
Nevsun Resources Ltd. (Nevsun) is engaged in the acquisition, exploration, development and operation of mineral property interests. The Companys principal mining operation is the Bisha Mine and the Companys principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). The Companys wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.