Nevsun Featured in The Globe and Mail as Dundee’s Top Copper Pick


Kin Communications is pleased to advise that Nevsun Resources (TSX:NSU / NYSE MKT:NSU) was rated as the Top Pick for copper by Dundee Capital Markets.

The Globe and Mail provided Dundee’s Base Metals and Bulk Commodities Sector Outlook research report on December 11, 2015.

Base Metals Re-Structuring: Three Down, Many More To Go. Looking For A Good Balance (Sheet)

By Joseph Gallucci and Ian Bjornson

Top Pick Copper

  • NSU (BUY, Top Pick, $6.00 target): Our Top Pick rating on NSU is based on the fact that NSU is a low cost copper producer with a peer leading dividend yield of ~5%, is levered to zinc in 2016E and boasts a strong balance sheet ($434M in cash, zero debt). We believe that the stars have aligned for NSU to make an accretive acquisition. Their extremely high cash balance, coupled with the potential of forced sellers due to balance sheet concerns in the Base Metals space, allows NSU to capitalize on acquiring an asset.

Top Pick Relative Performance in 2015

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