Aperio Group LLC Cuts Stake in Nevsun Resources (NSU)

Aperio Group LLC lessened its holdings in Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) by 17.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,006 shares of the basic materials company’s stock after selling 28,799 shares during the period. Aperio Group LLC’s holdings in Nevsun Resources were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NSU. K2 Principal Fund L.P. purchased a new stake in Nevsun Resources during the 2nd quarter worth $169,000. Virtu KCG Holdings LLC increased its stake in Nevsun Resources by 605.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 77,446 shares of the basic materials company’s stock worth $187,000 after buying an additional 66,465 shares during the period. Shell Asset Management Co. increased its stake in Nevsun Resources by 87.7% during the 3rd quarter. Shell Asset Management Co. now owns 47,620 shares of the basic materials company’s stock worth $193,000 after buying an additional 22,248 shares during the period. Bank of Nova Scotia increased its stake in Nevsun Resources by 88.5% during the 2nd quarter. Bank of Nova Scotia now owns 91,584 shares of the basic materials company’s stock worth $221,000 after buying an additional 42,987 shares during the period. Finally, CIBC World Markets Inc. increased its stake in Nevsun Resources by 42.1% during the 2nd quarter. CIBC World Markets Inc. now owns 213,286 shares of the basic materials company’s stock worth $514,000 after buying an additional 63,185 shares during the period.

Several equities research analysts recently issued reports on the stock. Scotiabank reaffirmed an “outperform” rating and set a C$4.75 price target on shares of Nevsun Resources in a research note on Tuesday, November 14th. Macquarie raised shares of Nevsun Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, November 13th. Canaccord Genuity lifted their price target on shares of Nevsun Resources from C$3.25 to C$4.50 in a research note on Monday, October 30th. Eight Capital raised shares of Nevsun Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$2.25 to C$4.25 in a research note on Monday, October 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Nevsun Resources from C$4.00 to C$5.00 in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Nevsun Resources presently has a consensus rating of “Buy” and an average price target of C$4.31.

Shares of Nevsun Resources (TSE NSU) remained flat at $C$3.08 during mid-day trading on Monday. The company’s stock had a trading volume of 194,265 shares, compared to its average volume of 677,719. Nevsun Resources has a 12 month low of C$2.49 and a 12 month high of C$4.63.

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Nevsun Resources Company Profile

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.

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Institutional Ownership by Quarter for Nevsun Resources (TSE:NSU)

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