Belo Sun Mining Corp (BSX) Price Target Lowered to C$0.50 at CIBC
“Belo Sun Mining Corp” (TSE:BSX) had its price objective cut by analysts at CIBC from C$0.95 to C$0.50 in a report released on Thursday. CIBC’s price objective would indicate a potential upside of 66.67% from the stock’s current price.
A number of other brokerages have also issued reports on BSX. National Bank Financial lowered “Belo Sun Mining Corp” from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$1.00 to C$0.45 in a research report on Thursday, December 7th. Scotiabank reduced their price target on “Belo Sun Mining Corp” 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. Finally, TD Securities reduced their price target on “Belo Sun Mining Corp” from C$1.15 to C$0.55 and set a “hold” rating for the company in a research report on Thursday, December 7th.
Shares of “Belo Sun Mining Corp” (BSX) traded down C$0.01 during mid-day trading on Thursday, reaching C$0.30. The company’s 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 purchased 380,926 shares of “Belo Sun Mining Corp” stock in a transaction on Thursday, November 30th. The stock was bought at an average price of C$0.45 per share, for a total transaction of C$171,416.70.
About “Belo Sun Mining Corp”
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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