Belo Sun Mining (TSE:BSX) Stock Price Down 2.3% – Here’s Why

Belo Sun Mining Corp (TSE:BSX)’s stock price was down 2.3% on Tuesday . The stock traded as low as C$1.23 and last traded at C$1.30. Approximately 453,320 shares were traded during trading, a decline of 56% from the average daily volume of 1,018,927 shares. The stock had previously closed at C$1.33.

Analysts Set New Price Targets

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

Belo Sun Mining Stock Down 2.3%

The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of C$738.39 million, a price-to-earnings ratio of -65.00, a PEG ratio of -0.33 and a beta of 2.45. The firm’s 50 day simple moving average is C$1.33 and its 200-day simple moving average is C$0.91.

Belo Sun Mining (TSE:BSX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

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.