Nevsun Stock To Go Ex-dividend Tomorrow (NSU)

NEW YORK ( TheStreet) -- The ex-dividend date for Nevsun Resources (AMEX: NSU) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $3.35 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Nevsun has been 566,200 shares per day over the past 30 days. Nevsun has a market cap of $705.7 million and is part of the basic materials sector and metals & mining industry. Shares are down 29.5% year to date as of the close of trading on Monday.

Nevsun Resources Ltd., a gold and base metal developer, together with its subsidiaries, engages in the exploration, development, extraction, processing, and reclamation of mineral properties in Africa. It produces gold, copper, silver, and zinc concentrates. The company has a P/E ratio of four, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nevsun as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Nevsun Ratings Report.

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