I have two of them right now that I mostly take out and let people shoot when non shooters come over and wanna shoot. I love my Nagants, one shoots really well at 100, the other only about 8 inches at 100 so not too good.
I've taken 2 coyotes with a Nagant, and missed one doe. So, ya you can use it for hunting. I shoot cheap surplus when I'm target shooting...Make sure you clean it after shooting each day. The surplus gets really dirty and some is corrosive. For hunting I get a.... I'm thinking a 180gr round nose soft point. But dont take my word on that it's been three years since I've bought any of that stuff. I got my first Nagant for my 18th birthday, so enjoy yours! I enjoy mine for sure.
-Jake