Belo Sun Mining Corp (BSX) Downgraded to Sector Perform at National Bank Financial

“Belo Sun Mining Corp” (TSE:BSX) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Thursday. They currently have a C$0.45 price target on the stock, down from their previous price target of C$1.00. National Bank Financial’s price objective would suggest a potential upside of 28.57% from the company’s current price.

Separately, TD Securities cut “Belo Sun Mining Corp” from a “speculative buy” rating to a “hold” rating and dropped their price objective for the company from C$1.15 to C$0.55 in a research note on Thursday.

Shares of “Belo Sun Mining Corp” (BSX) traded down C$0.11 during midday trading on Thursday, hitting C$0.35. The stock had a trading volume of 2,051,624 shares, compared to its average volume of 273,417. “Belo Sun Mining Corp” has a twelve month low of C$0.31 and a twelve month high of C$1.14.

In related news, insider Valley Gold Master Fund L. Sun bought 380,926 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of C$0.45 per share, with a total value of C$171,416.70.

TRADEMARK VIOLATION NOTICE: This story was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at

“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.

Receive News & Ratings for "Belo Sun Mining Corp" Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for "Belo Sun Mining Corp" and related companies with's FREE daily email newsletter.

Leave a Reply