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Belo Sun Mining (CVE:BSX) was downgraded by stock analysts at CIBC from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday, ARN reports.

Belo Sun Mining (CVE:BSX) traded down 1.08% on Wednesday, hitting $0.46. 27,644 shares of the company’s stock traded hands. Belo Sun Mining has a 1-year low of $0.315 and a 1-year high of $1.44. The stock has a 50-day moving average of $0.39 and a 200-day moving average of $0.47.

A number of other analysts have also recently weighed in on BSX. Analysts at Scotiabank cut their price target on shares of Belo Sun Mining from C$1.25 to C$0.90 in a research note on Friday, November 22nd. They now have an “outperform” rating on the stock. Analysts at Dundee Securities cut their price target on shares of Belo Sun Mining from C$1.00 to C$0.80 in a research note on Tuesday, November 19th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$0.93.

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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