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NSU

Nevsun Resources

$2.76

-0.05 (-1.78%)

17:20
10/06/16
10/06
17:20
10/06/16
17:20

Nevsun: B.C. court decision 'addresses only preliminary legal challenges'

Nevsun Resources advises that the British Columbia Supreme Court has refused to permit a claim against Nevsun to proceed as a common law class action. The court did permit the lawsuit by the three named plaintiffs to continue. "Today's court decision addresses only preliminary legal challenges to the action raised by Nevsun," the company said in a statement. "The judgment makes no findings with respect to the plaintiffs' allegations, including whether any of them were in fact at the Bisha Mine. The judge also emphasized that the case raises novel and complex legal questions, including on international law, which have never before been considered in Canada." Nevsun is studying the court's decision and considering an appeal of the decision that the action can proceed at all. The company said it remains confident that its indirect 60%-owned Eritrean subsidiary, Bisha Mining Share Company, operates the Bisha Mine according to international standards of governance, workplace conditions, health, safety and human rights.

NSU Nevsun Resources
$2.76

-0.05 (-1.78%)

12/04/15
RAJA
12/04/15
DOWNGRADE
RAJA
Market Perform
Nevsun Resources downgraded to Market Perform from Outperform at Raymond James
12/04/15
12/04/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Residential Properties (ARPI) downgraded to Market Perform at FBR Capital... Analog Devices (ADI) downgraded to Equal Weight from Overweight at Barclays... CSX (CSX) downgraded to Neutral from Buy at BofA/Merrill... ChinaCache (CCIH) downgraded to Neutral from Buy at Rosenblatt... Cooper Companies (COO) downgraded to Neutral from Overweight at JPMorgan... Genesee & Wyoming (GWR) downgraded to Underperform from Neutral at BofA/Merrill... GoPro (GPRO) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded to Neutral from Buy at Longbow... Immunomedics (IMMU) downgraded to Market Perform from Outperform at Wells Fargo... Kansas City Southern (KSU) downgraded to Underperform from Neutral at BofA/Merrill... Knight Transportation (KNX) downgraded to Neutral from Buy at Longbow... Macy's (M) downgraded to Neutral from Buy at Goldman... Nevsun Resources (NSU) downgraded to Market Perform from Outperform at Raymond James... Orexigen (OREX) downgraded to Market Perform from Outperform at Wells Fargo... Polaris Industries (PII) downgraded to Underperform following checks at Longbow... Sandvik AB (SDVKY) downgraded to Underweight from Neutral at JPMorgan... Swift Transport (SWFT) downgraded to Neutral from Buy at Longbow... Symantec (SYMC) downgraded to Hold from Buy at Argus... Toro Company (TTC) downgraded to Neutral from Buy at Longbow... Union Pacific (UNP) downgraded to Neutral from Buy at BofA/Merrill.
02/29/16
SCOT
02/29/16
DOWNGRADE
SCOT
Sector Perform
Nevsun Resources downgraded to Sector Perform from Outperform at Scotiabank
Scotiabank downgraded Nevsun Resources to Sector Perform due share price appreciation.
04/27/16
RBCM
04/27/16
UPGRADE
RBCM
Outperform
Nevsun Resources upgraded to Outperform from Sector Perform at RBC Capital

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