The company has seen three positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Nevsun Resources currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the broad basic materials sector include Dominion Diamond Corporation (DDC), Kronos Worldwide, Inc. (KRO) and Valhi, Inc. (VHI). All these stocks carry a Zacks Rank #1 (Strong Buy).
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