Belo Sun Mining Corp (BSX) PT Lowered to C$0.50

“Belo Sun Mining Corp” (TSE:BSX) had its price target decreased by equities research analysts at CIBC from C$0.95 to C$0.50 in a research report issued on Thursday, reports. CIBC’s target price would indicate a potential upside of 66.67% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. TD Securities dropped their price objective on “Belo Sun Mining Corp” from C$1.15 to C$0.55 and set a “hold” rating on the stock in a research note on Thursday, December 7th. Scotiabank dropped their price objective on “Belo Sun Mining Corp” from C$1.35 to C$0.65 and set a “sector perform” rating on the stock in a research note on Friday, December 8th. Finally, National Bank Financial cut “Belo Sun Mining Corp” from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$1.00 to C$0.45 in a research note on Thursday, December 7th.

Shares of “Belo Sun Mining Corp” (TSE:BSX) traded down C$0.01 during trading on Thursday, hitting C$0.30. The stock had a trading volume of 685,182 shares, compared to its average volume of 278,382. “Belo Sun Mining Corp” has a one year low of C$0.29 and a one year high of C$1.14.

In other “Belo Sun Mining Corp” 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 shares were acquired at an average cost of C$0.45 per share, with a total value of C$171,416.70.

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“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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