Belo Sun Mining (TSE:BSX) Stock Price Up 8.3% - Here's Why

Key Points

• Shares jumped 8.3% mid-day to C$1.30 (high C$1.33) from C$1.20, though trading volume was light at about 306,899 shares—down roughly 72% versus the average.
• Analyst activity: Paradigm Capital set a C$5.50 target and a "speculative buy" rating, and MarketBeat's consensus rating for the stock is currently Buy with a C$5.50 consensus target.
• Fundamentals show a recent quarterly loss (C($0.01) EPS) and a negative P/E (-66.5), but the company has low leverage (debt/equity 0.01), strong liquidity (quick ratio 13.04, current ratio 4.52) and a market cap of C$754.78 million.

Belo Sun Mining Corp (TSE:BSX - Get Free Report)'s share price rose 8.3% during mid-day trading on Friday . The company traded as high as C$1.33 and last traded at C$1.30. Approximately 306,899 shares changed hands during trading, a decline of 72% from the average daily volume of 1,101,003 shares. The stock had previously closed at C$1.20.

Analysts Set New Price Targets

Separately, Paradigm Capital set a C$5.50 target price on shares of Belo Sun Mining and gave the stock a "speculative buy" rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Belo Sun Mining presently has a consensus rating of "Buy" and a consensus target price of C$5.50.

Belo Sun Mining Stock Up 10.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52. The stock has a market cap of C$754.78 million, a price-to-earnings ratio of -66.50, a PEG ratio of -0.33 and a beta of 2.32. The firm's 50-day simple moving average is C$1.31 and its two-hundred day simple moving average is C$0.79.

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 for the quarter. On average, sell-side analysts expect 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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