Nevsun Resources Ltd. Stock Downgraded (NSU)
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- NSU has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 8.10, which clearly demonstrates the ability to cover short-term cash needs.
- NSU, with its very weak revenue results, has greatly underperformed against the industry average of 7.9%. Since the same quarter one year prior, revenues plummeted by 96.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The share price of NEVSUN RESOURCES LTD has not done very well: it is down 10.65% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- NEVSUN RESOURCES LTD has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, NEVSUN RESOURCES LTD reported lower earnings of $0.05 versus $0.71 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 120.8% when compared to the same quarter one year ago, falling from $20.25 million to -$4.21 million.
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