Belo Sun Mining (TSE:BSX) Shares Up 3.7% – Still a Buy?

Belo Sun Mining Corp (TSE:BSX) was up 3.7% on Tuesday . The company traded as high as C$1.15 and last traded at C$1.13. 405,437 shares traded hands during trading, a decline of 58% from the average session volume of 965,248 shares. The stock had previously closed at C$1.09.

Wall Street Analyst Weigh In

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

Belo Sun Mining Trading Up 1.9%

The firm’s 50-day simple moving average is C$1.28 and its 200-day simple moving average is C$1.00. The firm has a market capitalization of C$613.43 million, a PE ratio of -54.00, a price-to-earnings-growth ratio of -0.33 and a beta of 1.97. 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 (TSE:BSX) last released its earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share for the quarter. Equities analysts expect that Belo Sun Mining Corp will post -0.01 earnings per share for the current 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.