The Belo Sun Mining Corp (BSX) Earns “Outperform” Rating from Scotiabank, Report finds

The Belo Sun Mining Corp (BSX) Earns “Outperform” Rating from Scotiabank, Report finds

Several other equities analysts have also recently commented on BSX. National Bank Financial increased their price target on shares of Belo Sun Mining Corp from C$1.10 to C$1.40 in a research report on Friday, February 3rd. TD Securities increased their price target on shares of Belo Sun Mining Corp from C$1.30 to C$1.45 and gave the stock a “speculative buy” rating in a research report on Friday, February 3rd.

Belo Sun Mining Corp (TSE:BSX)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research report issued on Thursday. They currently have a C$1.50 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 38.89% from the company’s previous close.

Shares of Belo Sun Mining Corp (TSE:BSX) traded down 2.70% during trading on Thursday, reaching $1.08. The company had a trading volume of 398,181 shares. The stock’s market capitalization is $502.30 million. Belo Sun Mining Corp has a 52-week low of $0.25 and a 52-week high of $1.12. The stock has a 50 day moving average of $0.86 and a 200 day moving average of $0.88.

About Belo Sun Mining Corp

Belo Sun Mining Corp. is a Canada-based mineral exploration and development company. The Company is focused on its advanced-stage development project, the Volta Grande Project, which is located in Para State, approximately 60 kilometers southeast of the city of Altamira in northern Brazil. The project comprises approximately 20 exploration permits, covering an area of over 103,350 hectares (ha); approximately four mining concession applications covering an area of over 2,360 ha; approximately 10 exploration applications for exploration in mineral rights covering an area of over 23,210 ha, and approximately eight exploration applications for exploration in mineral rights in public tender, covering an area of over 31,660 ha.

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