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.

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“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.

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