“Belo Sun Mining Corp” (TSE:BSX) had its price target cut by stock analysts at TD Securities from C$1.15 to C$0.55 in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 57.14% from the company’s previous close.

Shares of “Belo Sun Mining Corp” (TSE BSX) traded down C$0.11 during midday trading on Thursday, reaching C$0.35. 2,051,624 shares of the company were exchanged, compared to its average volume of 273,417. “Belo Sun Mining Corp” has a 52-week low of C$0.31 and a 52-week high of C$1.14.

In other news, insider Valley Gold Master Fund L. Sun acquired 380,926 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$171,416.70.

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About “Belo Sun Mining Corp”

Belo Sun Mining Corp. operates as a gold exploration company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of submitted 4 mine concessions, 48 exploration permits, 24 exploration permit extensions submitted, and 7 exploration applications covering a total area of 175,443 hectares located in the northern region of ParĂ¡ State, Brazil.

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