Tag Archives: Stocks

Nevsun’s Ratings Upgraded at Zacks from ‘Sell’ to ‘Hold’

the lowest recommendation they put on a stock is a "hold."
Although stock analysts rarely issue “sell” ratings, typically, the lowest recommendation they put on a stock is a “hold.” The worldwide negative news coverage on Eritrea this week might possibly influenced the ratings.

By Mark Watkins,

NEVSUN Resources (NYSE:NSU) was upgraded by Zacks from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Nevsun Resources Ltd., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa.“  Continue reading Nevsun’s Ratings Upgraded at Zacks from ‘Sell’ to ‘Hold’