“Belo Sun Mining Corp” (TSE:BSX) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday. They currently have a C$0.45 price objective on the stock, down from their prior price objective of C$1.00. National Bank Financial’s price target would indicate a potential upside of 28.57% from the company’s previous close.

Separately, TD Securities cut “Belo Sun Mining Corp” from a “speculative buy” rating to a “hold” rating and decreased their target price for the company from C$1.15 to C$0.55 in a research report on Thursday.

“Belo Sun Mining Corp” (TSE:BSX) traded down C$0.11 on Thursday, hitting C$0.35. The stock had a trading volume of 2,051,624 shares, compared to its average volume of 273,417. “Belo Sun Mining Corp” has a fifty-two week low of C$0.31 and a fifty-two week high of C$1.14.

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

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/07/national-bank-financial-downgrades-belo-sun-mining-corp-bsx-to-sector-perform.html.

“Belo Sun Mining Corp” Company Profile

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.

Receive News & Ratings for "Belo Sun Mining Corp" Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for "Belo Sun Mining Corp" and related companies with MarketBeat.com's FREE daily email newsletter.