Belo Sun Mining (TSE:BSX) Shares Down 4.5% - What's Next?

Key Points

• Shares dropped 4.5%, closing at C$1.26 after trading as low as C$1.22 on Tuesday with 659,217 shares changing hands, about 44% below average volume.
• Analyst support: Paradigm Capital assigned a "speculative buy" rating and a C$5.50 price target; the consensus rating on MarketBeat is currently "Buy" with a C$5.50 target.
• Fundamentals: Belo Sun has a market cap of C$714.33M, reported negative EPS (C($0.01) last quarter and forecast -0.01 for the year), strong liquidity ratios (current 4.52, quick 13.04) and a beta of 2.32.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) fell 4.5% on Tuesday . The company traded as low as C$1.22 and last traded at C$1.26. 659,217 shares changed hands during trading, a decline of 44% from the average session volume of 1,180,504 shares. The stock had previously closed at C$1.32.

Analyst Ratings Changes

Separately, Paradigm Capital set a C$5.50 price objective on 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 MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$5.50.

Belo Sun Mining Stock Performance

The firm has a fifty day simple moving average of C$1.05 and a 200-day simple moving average of C$0.66. 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 cap of C$714.33 million, a price-to-earnings ratio of -63.00, a P/E/G ratio of -0.33 and a beta of 2.32.

Belo Sun Mining (TSE:BSX - Get Free Report) last posted its quarterly earnings data on Monday, March 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. Analysts forecast that Belo Sun Mining Corp will post -0.01 EPS for the current fiscal year.

About Belo Sun Mining

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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