Nevsun Stock To Go Ex-dividend Tomorrow (NSU)

NEW YORK ( TheStreet) -- The ex-dividend date for Nevsun Resources (AMEX: NSU) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $5.74 as of 9:32 a.m. ET, the dividend yield is 1%.

The average volume for Nevsun has been 750,900 shares per day over the past 30 days. Nevsun has a market cap of $1.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 22.2% year to date as of the close of trading on Friday.

Nevsun Resources Ltd., a natural resource company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties. It principally mines and explores for gold, as well as base metals, such as copper and zinc. The company has a P/E ratio of 200, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nevsun as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Nevsun Ratings Report.

See our dividend calendar or top-yielding stocks list.

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