By Street Insider,
TD Securities upgraded Nevsun Resources (NYSE: NSU) from Hold to Buy with a price target of C$4.50 (from C$4.00).
Analyst Craig Hutchison has increased confidence the company will hit production guidance.
“Earlier this week, we had an opportunity to visit Nevsun’s Bisha project (60% ownership) in Eritrea,” said Hutchison.
“We came away from the tour with confidence that the company will meet its 2013 production guidance of 30–50mmlb and achieve commercial production of the copper plant by year-end. Continue reading TD Securities Raises Nevsun Resources to Buy