Belo Sun Mining Corp (BSX) Insider Purchases C$1,208,012.52 in Stock

Belo Sun Mining Corp (TSE:BSX) insider Valley Gold Master Fund L. Sun purchased 3,660,644 shares of Belo Sun Mining stock in a transaction dated Friday, January 19th. The shares were acquired at an average cost of C$0.33 per share, with a total value of C$1,208,012.52.

Belo Sun Mining Corp (TSE BSX) traded up C$0.01 during trading on Monday, reaching C$0.38. 661,620 shares of the company traded hands, compared to its average volume of 799,725. The stock has a market cap of $169.94, a price-to-earnings ratio of -12.67 and a beta of -0.51. Belo Sun Mining Corp has a one year low of C$0.29 and a one year high of C$1.14.

Belo Sun Mining (TSE:BSX) last released its earnings results on Monday, November 13th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Several research firms have recently commented on BSX. CIBC reduced their price target on shares of Belo Sun Mining from C$0.95 to C$0.50 in a research report on Thursday, December 14th. Scotiabank reduced their price target on shares of Belo Sun Mining from C$1.35 to C$0.65 and set a “sector perform” rating for the company in a research report on Friday, December 8th. National Bank Financial lowered shares of Belo Sun Mining from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$1.00 to C$0.45 in a research report on Thursday, December 7th. Finally, TD Securities reduced their price target on shares of Belo Sun Mining from C$1.15 to C$0.55 and set a “hold” rating for the company in a research report on Thursday, December 7th.

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Belo Sun Mining 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 Par?? State, Brazil.

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