Belo Sun Mining Price Target Cut to C$0.85 by Analysts at CIBC (BSX)
Research analysts at CIBC reduced their price objective on shares of Belo Sun Mining (CVE:BSX) from C$1.50 to C$0.85 in a report released on Friday, Analyst Ratings Network.com reports. The firm currently has a “sector outperform” rating on the stock. CIBC’s price objective points to a potential downside of 19.05% from the company’s current price.
Belo Sun Mining (CVE:BSX) traded down 8.43% during mid-day trading on Friday, hitting $0.38. 687,733 shares of the company’s stock traded hands. Belo Sun Mining has a one year low of $0.395 and a one year high of $1.83. The stock’s 50-day moving average is $0.66 and its 200-day moving average is $0.7.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Belo Sun Mining (CVE:BSX) from C$1.50 to C$0.75 in a research note to investors on Wednesday, July 17th. Analysts at Scotiabank cut their price target on shares of Belo Sun Mining (CVE:BSX) from C$1.75 to C$1.25 in a research note to investors on Monday, July 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Belo Sun Mining currently has a consensus rating of “Buy” and a consensus target price of C$1.14.
Belo Sun Mining Corp. (CVE:BSX), through its subsidiaries, is a gold exploration company engaged in the exploration of properties located in Brazil.
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