Nevsun Resources (NSU) Plans $0.01 Quarterly Dividend

Nevsun Resources (TSE:NSU) (TSE:NSU) declared a quarterly dividend on Monday, February 27th. Investors of record on Friday, March 31st will be paid a dividend of 0.01 per share by the basic materials company on Thursday, April 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, March 29th.

Shares of Nevsun Resources (TSE:NSU) traded up 6.33% on Thursday, reaching $3.36. The company had a trading volume of 1,395,022 shares. Nevsun Resources has a 52 week low of $3.01 and a 52 week high of $4.81. The stock’s 50 day moving average is $3.33 and its 200 day moving average is $3.89. The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of 84.00.

Nevsun Resources (TSE:NSU) last posted its quarterly earnings results on Thursday, February 23rd. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $36.19 million for the quarter. On average, equities analysts anticipate that Nevsun Resources will post $0.02 EPS for the current year.

Dividend History for Nevsun Resources (TSE:NSU)

In other Nevsun Resources news, insider Peter Tam purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of C$3.28 per share, for a total transaction of C$32,800.00. Also, Director Ian Pearce bought 29,500 shares of Nevsun Resources stock in a transaction dated Thursday, March 9th. The stock was purchased at an average price of C$2.50 per share, with a total value of C$73,750.00. Over the last three months, insiders acquired 58,000 shares of company stock worth $171,485.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at

NSU has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Nevsun Resources from a “market perform” rating to an “outperform” rating and decreased their target price for the company from C$4.50 to C$4.25 in a report on Friday, March 24th. Canaccord Genuity raised shares of Nevsun Resources from a “hold” rating to a “buy” rating in a research note on Friday, February 24th. Royal Bank of Canada reduced their price target on shares of Nevsun Resources from C$6.50 to C$5.50 and set an “outperform (spec)” rating on the stock in a research note on Monday, February 27th. Scotiabank reissued a “sector perform” rating and issued a C$5.00 price target on shares of Nevsun Resources in a research note on Friday, January 13th. Finally, TD Securities reduced their price target on shares of Nevsun Resources from C$6.00 to C$5.50 and set a “buy” rating on the stock in a research note on Friday, February 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Nevsun Resources currently has a consensus rating of “Buy” and an average target price of C$5.03.

About Nevsun Resources

Nevsun 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.

Receive News & Ratings for Nevsun Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nevsun Resources and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply