Mon, 10.11.2020, by Chip Brian, (Smartrend) - Below are the top five companies in the Gold industry as measured by relative performance. This analysis was compiled based on yesterday’s trading activity as we search for stocks that have the potential to outperform.

Nevsun Resources (AMEX:NSU) ranks first with a gain of 6.77%; Aurizon Mines (AMEX:AZK) ranks second with a gain of 2.97%; and Randgold Resources (NASDAQ:GOLD) ranks third with a gain of 2.39%.

Jaguar Mining (NYSE:JAG) follows with a gain of 2.19% and Barrick Gold (NYSE:ABX) rounds out the top five with a gain of 1.82%.

SmarTrend is bullish on shares of NSU and our subscribers were alerted to Buy on February 10, 2010 at $2.40. The stock has risen 122.9% since the alert was issued.

SmarTrend identified an Uptrend for Nevsun Resources (AMEX:NSU) on February 10, 2010 at $2.40. In approximately 1 month, Nevsun Resources has returned 12.1% as of today’s recent price of $2.69.

Nevsun Resources is currently above its 50-day moving average of $2.37 and above its 200-day moving average of $2.19. Look for these moving averages to climb to confirm the company’s upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Nevsun Resources shares. Source(mysmartrend)

NSU is poised to head toward 3.00 a share this month. This company has 15M cash on hand is ready to engage on current exploration and development.

The company profile is here: Nevsun Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and production of mineral properties. It focuses on gold and base metal mining and exploration.

Its principal mineral properties include the Bisha Property, a gold, copper, and zinc prospect, located in Eritrea, north-east Africa. The company was formerly known as Hogan Mines Ltd. Nevsun Resources Ltd. was founded in 1965 and is headquartered in Vancouver, Canada. From their webpage: The Bisha Project is a fully financed and permitted high-grade gold, copper and zinc deposit with production anticipated in fall 2010.

The Bisha Project has received continuous support from the Eritrean government, who granted the Company’s mining license in January 2008. The project is positioned to become the first modern day mine in this NE African country, with production projected to return payable metals of :

1.06 Million Oz Gold | 9.4 Million Oz Silver | 734 Million Lb Copper | 1,075 Million Lb Zinc

At current metal prices, the Project is expected to generate enough cash in the first two and a half years to repay all debt facilities, in addition to further mine expansion. The Bisha Mine will be a low-cost gold producer for the first two years and a low-cost, high-grade copper and zinc producer for the remaining 10 year mine life. Further resource potential exists at depth and from nearby discoveries within the Company’s licensed areas.

They are participating in the Eritrea Analysts Tour, September 27-30, 2009 so expect some news to follow that event as people here about the current projects and what is up and coming for NSU. Source: (Socialpicks Financial Network)