Belo Sun Mining (TSE:BSX) Releases Quarterly Earnings Results

Belo Sun Mining (TSE:BSX) announced its earnings results on Wednesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Belo Sun Mining Price Performance

Shares of Belo Sun Mining stock traded up C$0.04 during trading on Thursday, reaching C$1.27. The company’s stock had a trading volume of 310,727 shares, compared to its average volume of 1,090,605. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. Belo Sun Mining has a 12-month low of C$0.19 and a 12-month high of C$1.64. The company has a market capitalization of C$720.73 million, a P/E ratio of -63.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.45. The business has a 50 day moving average price of C$1.31 and a 200-day moving average price of C$0.81.

Analyst Upgrades and Downgrades

Separately, Paradigm Capital set a C$5.50 target price on Belo Sun Mining and gave the company a “speculative buy” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$5.50.

Belo Sun Mining Company Profile

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.