Belo Sun Mining (TSE:BSX) Shares Down 2% – Here’s What Happened

Belo Sun Mining Corp (TSE:BSX) shares fell 2% during mid-day trading on Wednesday . The stock traded as low as C$0.99 and last traded at C$0.99. Approximately 125,641 shares traded hands during trading, a decline of 86% from the average daily volume of 886,145 shares. The stock had previously closed at C$1.01.

Analyst Upgrades and Downgrades

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

Belo Sun Mining Stock Performance

The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of C$1.16 and a 200 day simple moving average of C$1.05. The company has a market capitalization of C$602.07 million, a price-to-earnings ratio of -53.00, a P/E/G ratio of -0.33 and a beta of 2.08.

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

About Belo Sun Mining

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol ‘BSX’ and on the OTCQX under the symbol ‘BSXGF’. For more information, please visit www.belosun.com or contact Investor Relations at [email protected] or 1-888-516-4171.