With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June.
The big resource picture is still unclear. No one knows what will turn mining around or when it will happen.
BELOW are the three companies in the Gold industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains.
Nevsun Resources (AMEX:NSU) is highest with a dividend yield of 4.0%. Nevsun Resources Ltd. is a gold producer and base metal developer. The Company has a gold-copper-zinc mine in Eritrea.
Nevsun Resources (AMEX:NSU) has potential upside of 46.5% based on a current price of $3.42 and analysts’ consensus price target of $5.01. Nevsun Resources shares should first meet resistance at the 200-day moving average (MA) of $3.69 and find additional resistance at the 50-day MA of $3.79. Continue reading Nevsun Resources Ranks #1 in Dividend Yield→
Nevsun’s continued strong cash flow translated into strong dividend yields. Nevsun already outclassed and outperformed others to become a company with the highest operating margin in the Gold industry.
NEVSUN Resources Ltd. is pleased to advise that its Board of Directors has declared a quarterly cash dividend of US$0.035 per common share (US$0.14 per common share annually). The dividend is payable on October 15, 2014, to shareholders of record as of the close of business on September 30, 2014.