Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Nevsun Resources    NSU   CA64156L1013

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Nevsun Resources : Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Nevsun Resources Ltd.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/07/2012 | 03:35am CEST

Law Offices of Howard G. Smith announces that all purchasers of the common stock of Nevsun Resources Ltd. ("Nevsun" or the "Company") (AMEX:NSU) between March 31, 2011 and February 6, 2012, inclusive (the "Class Period"), have until May 14, 2012, to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Southern District of New York.

Nevsun mines and explores for gold and base metals such as copper and zinc. The Complaint alleges that defendants misrepresented or failed to disclose that: (a) Nevsun's mining activities at the Bisha mine in Eritrea, Africa, produced material amounts of waste rock, rather than gold ore; (b) defendants knew or recklessly disregarded that gold and gold ore from Bisha were materially less than estimated, based on data routinely collected from the mine; (c) Nevsun was progressing through the ore body at Bisha more quickly than planned, to maintain production at a rate that would not reveal to investors that the amount of gold was materially less than the Company's estimate; (d) Nevsun was aware its resource model was materially defective because actual amounts of gold mined at Bisha did not reconcile with the Company's previously disseminated estimate; and (e), Nevsun materially overstated its gold reserves at the Bisha mine.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Nevsun common stock between March 31, 2011 and February 6, 2012, you have certain rights, and have until May 14, 2012, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, or may retain counsel of your choice. If you wish to discuss this action or have questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEVSUN RESOURCES
04/24 NEVSUN RESOURCES : S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadi..
04/24 NEVSUN RESOURCES : Blow for Nevsun in Macedonia as local residents vote no to go..
04/20 NEVSUN RESOURCES : Completes Timok Upper Zone Infill Drilling and Provides Proje..
04/20 NEVSUN RESOURCES : Completes Timok Upper Zone Infill Drilling and Provides Proje..
04/06 NEVSUN RESOURCES : Extends Harena 150 Metres Beyond Current Resource and Identif..
04/04 NEVSUN RESOURCES : Extends Harena 150 Metres Beyond Current Resource and Identif..
04/03 NEVSUN RESOURCES : Announces Q1 2017 Financial Results Release Date
03/29 NEVSUN RESOURCES : ex-dividend day
03/23 NEVSUN RESOURCES : Delivers Substantial Resource Growth at Bisha from 2016 Drill..
03/09 NEVSUN RESOURCES : Declares First Quarterly Dividend of 2017
More news
Sector news : Specialty Mining & Metals - NEC
04/21 FTSE edges down, scores worst week in over five months
04/20DJVEDANTA RESOURCES : Shuts Down Talwandi Sabo Power Plant Following Fire Outbreak
04/11 Mining group Vedanta completes buyout of Cairn India
04/07 FTSE posts slight weekly gain as oil stocks rise
04/06 FTSE dips as Fed minutes, financials weigh
More sector news : Specialty Mining & Metals - NEC
News from SeekingAlpha
04/25 RESOURCE SECTOR DIGEST : A Dog's Breakfast
04/07 Nevsun Adds $1.5 Billion To Its Ethiopian Resources, The Market Only Yawns
04/03 FOCUS ON EUROPE : Red Alert For European Banks? Capital Destruction At Deutsche ..
03/28 RESOURCE SECTOR DIGEST : A Mountain Of Gold
03/16 Metals prices may continue rally in Q2 with zinc top pick, RBC says
Advertisement
Financials ($)
Sales 2017 303 M
EBIT 2017 3,47 M
Net income 2017 2,27 M
Debt 2017 4,13 M
Yield 2017 1,52%
P/E ratio 2017 92,67
P/E ratio 2018 61,86
EV / Sales 2017 2,48x
EV / Sales 2018 1,89x
Capitalization 747 M
More Financials
Chart NEVSUN RESOURCES
Duration : Period :
Nevsun Resources Technical Analysis Chart | NSU | CA64156L1013 | 4-Traders
Full-screen chart
Technical analysis trends NEVSUN RESOURCES
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 3,97 $
Spread / Average Target 61%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Clifford T. Davis President, Chief Executive Officer & Director
Robert Stuart Angus Chairman
Frazer W. Bourchier Chief Operating Officer
Thomas S. Whelan Chief Financial Officer
Robert J. Gayton Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NEVSUN RESOURCES-20.29%747
SOUTHERN COPPER CORP11.21%27 458
GMK NORIL'SKIY NIKEL' ..--.--%24 654
CHINA MOLYBDENUM LUOYA..20.70%9 147
BOLIDEN AB13.91%8 593
SUMITOMO METAL MINING ..-1.13%7 698
More Results