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Belo Sun Mining (TSE:BSX) Trading 22.8% Higher - Here's What Happened

Belo Sun Mining logo with Basic Materials background
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Key Points

  • Shares jumped 22.8% on Friday to about C$1.56–C$1.57 on heavy volume (3.58 million shares, roughly a 198% increase vs. the average session).
  • Analyst outlook: Paradigm Capital gave a "speculative buy" and a C$5.50 price target, and the stock carries a consensus rating of Buy with the same C$5.50 target.
  • Company fundamentals: Belo Sun has a market cap of C$884.41M, reported negative EPS (about C($0.01) last quarter) but shows strong liquidity (quick ratio 13.04) and owns the Volta Grande gold project in Brazil.
  • MarketBeat previews the top five stocks to own by May 1st.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) shares traded up 22.8% during trading on Friday . The company traded as high as C$1.57 and last traded at C$1.56. 3,580,940 shares traded hands during trading, an increase of 198% from the average session volume of 1,203,605 shares. The stock had previously closed at C$1.27.

Analyst Ratings Changes

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 report on Tuesday, March 17th. One 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 a consensus price target of C$5.50.

Get Our Latest Analysis on BSX

Belo Sun Mining Price Performance

The stock's 50-day moving average price is C$1.09 and its 200 day moving average price is C$0.67. The firm has a market cap of C$884.41 million, a price-to-earnings ratio of -78.00, a price-to-earnings-growth ratio of -0.33 and a beta of 2.32. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Belo Sun Mining (TSE:BSX - Get Free Report) last posted its earnings results on Monday, March 30th. The company reported C($0.01) earnings per share for the quarter. Equities research analysts predict that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

About Belo Sun Mining

(Get Free Report)

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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