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Enter Symbol:
Rating: NSU
Mkt Perform

Nevsun Resources Ltd (AMEX: NSU) downgraded to Mkt Perform by Raymond James

Friday,  Dec 4, 2015  10:25 AM ET by Dave Ficere

Raymond James downgraded Nevsun Resources Ltd (AMEX: NSU) to Mkt
Perform. Previously Raymond James rated Outperform Nevsun Resources Ltd (AMEX: NSU) on 05/03/2013, when the stock price was $3.67.

Nevsun Resources Ltd. (Nevsun) is engaged in the development of the Bisha Project in Eritrea, located in northeast Africa. The Company is a gold and base metal explorer/developer with a focus on developing mining projects in Africa. Nevsun is focused on advancing its high grade gold, copper and zinc Bisha Project in Eritrea. The mining license covers an area of 16.5 square kilometers (includes the Bisha Main Zone deposit and the Northwest Zone deposit) within a mining agreement area of approximately 39 square kilometers. The Company retains an exploration license of approximately 94.5 square kilometers which includes the Harena deposit. During the year ended December 31, 2008, the Company sold all of its interests in its Malian assets.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.

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