BMO Capital Downgrades Nevsun Resources (NSU) to Market Perform

August 16, 2017 4:57 AM EDT
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Price: $4.44 --0%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 3 | New: 9
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BMO Capital downgraded Nevsun Resources (NYSE: NSU) from Outperform to Market Perform.

Analyst Alex Terentiew says the downgrade is based on the disappointing technical report update for the Bisha mine which saw mine life reduced by more than 50% due to lower recoveries and elevated operational risks tied to open-pit expansions that were previously considered.

For an analyst ratings summary and ratings history on Nevsun Resources click here. For more ratings news on Nevsun Resources click here.

Shares of Nevsun Resources closed at $2.13 yesterday.

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