National Bank Financial Downgrades “Belo Sun Mining Corp” (BSX) to Sector Perform
“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.
“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 Pará State, Brazil.
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