Belo Sun Mining (TSE:BSX) had its target price lifted by equities researchers at National Bank Financial from C$0.45 to C$0.60 in a research report issued on Friday. National Bank Financial’s target price indicates a potential upside of 57.89% from the stock’s current price.
A number of other research firms have also recently commented on BSX. Scotiabank dropped their target price on Belo Sun Mining from C$1.35 to C$0.65 and set a “sector perform” rating on the stock in a research report on Friday, December 8th. TD Securities lowered their price objective on Belo Sun Mining from C$1.15 to C$0.55 and set a “hold” rating on the stock in a report on Thursday, December 7th. Finally, CIBC lowered their price objective on Belo Sun Mining from C$0.95 to C$0.50 in a report on Thursday, December 14th.
Belo Sun Mining (TSE:BSX) traded down C$0.04 during trading hours on Friday, hitting C$0.38. The stock had a trading volume of 443,179 shares, compared to its average volume of 751,813. Belo Sun Mining has a 52-week low of C$0.29 and a 52-week high of C$1.14. The firm has a market cap of $188.56, a PE ratio of -12.67 and a beta of -0.51.
In other news, insider Valley Gold Master Fund L. Sun acquired 380,926 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$171,416.70. Also, insider Valley Gold Master Fund L. Sun acquired 3,660,644 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was purchased at an average price of C$0.33 per share, for a total transaction of C$1,208,012.52.
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About Belo Sun Mining
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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