Belo Sun Mining (TSE:BSX) PT Lowered to C$0.65 at Scotiabank

Belo Sun Mining (TSE:BSXGet Rating) had its target price reduced by analysts at Scotiabank from C$0.85 to C$0.65 in a report released on Wednesday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 66.67% from the company’s current price.

BSX stock traded up C$0.07 during midday trading on Wednesday, reaching C$0.39. The company had a trading volume of 619,767 shares, compared to its average volume of 166,029. The firm has a market capitalization of C$177.47 million and a PE ratio of -27.86. The stock has a 50 day moving average price of C$0.72 and a 200 day moving average price of C$0.66. Belo Sun Mining has a fifty-two week low of C$0.29 and a fifty-two week high of C$0.88. The company has a quick ratio of 13.10, a current ratio of 15.29 and a debt-to-equity ratio of 0.05.

In other Belo Sun Mining news, Director Peter Wilson Tagliamonte sold 45,000 shares of the stock in a transaction on Thursday, March 24th. The stock was sold at an average price of C$0.81, for a total value of C$36,450.00. Following the sale, the director now directly owns 14,713,393 shares of the company’s stock, valued at C$11,917,848.33.

Belo Sun Mining Company Profile (Get Rating)

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. Its flagship property is its 100% interest in the Volta Grande Gold project consisting of four mining concession applications, 11 exploration permits, and 63 exploration permits extension submitted covering a total area of 175,498 hectares located in the northern region of Pará State, Brazil.

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