Belo Sun Mining (TSE:BSX) Sets New 52-Week High - Here's What Happened

Key Points

• Belo Sun Mining hit a new 52-week high of C$1.47 (last C$1.45) during mid-day trading with 2,626,555 shares changing hands and was trading up about 20.5%.
• Paradigm Capital gave the stock a speculative buy rating and a C$5.50 price target; the consensus rating is currently Buy with an average target of C$5.50.
• Belo Sun is a Canada-based gold exploration and development company operating the Volta Grande project in Brazil with a market cap of C$867.4M and quarterly EPS of C($0.01); it shows strong liquidity (current ratio 4.52, quick ratio 13.04) and minimal leverage (debt-to-equity 0.01).

Belo Sun Mining Corp (TSE:BSX - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$1.47 and last traded at C$1.45, with a volume of 2626555 shares trading hands. The stock had previously closed at C$1.27.

Analyst Upgrades and Downgrades

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

Belo Sun Mining Trading Up 20.5%

The business's 50-day moving average is C$1.07 and its two-hundred day moving average is C$0.67. 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 stock has a market capitalization of C$867.40 million, a PE ratio of -76.50, a PEG ratio of -0.33 and a beta of 2.32.

Belo Sun Mining (TSE:BSX - Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported C($0.01) earnings per share for the quarter. On average, analysts predict 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.

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