CIBC Trims Belo Sun Mining (BSX) Target Price to C$0.50

Belo Sun Mining (TSE:BSX) had its target price trimmed by CIBC from C$0.95 to C$0.50 in a research report sent to investors on Thursday morning.

BSX has been the subject of a number of other research reports. TD Securities lowered their price target on Belo Sun Mining from C$1.15 to C$0.55 and set a hold rating for the company in a report on Thursday, December 7th. Scotiabank lowered their price target on Belo Sun Mining from C$1.35 to C$0.65 and set a sector perform rating for the company in a report on Friday, December 8th. Finally, National Bank Financial lowered Belo Sun Mining from an outperform rating to a sector perform rating and lowered their price target for the company from C$1.00 to C$0.45 in a report on Thursday, December 7th.

Belo Sun Mining (BSX) opened at C$0.32 on Thursday. Belo Sun Mining has a 52 week low of C$0.29 and a 52 week high of C$1.14.

In other news, insider Valley Gold Master Fund L. Sun purchased 380,926 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$171,416.70.

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Belo Sun Mining Company Profile

Belo Sun Mining Corp. operates as a gold exploration company in Brazil. Its flagship project includes the Volta Grande Gold project consisting of submitted 4 mine concessions, 48 exploration permits, 24 exploration permit extensions submitted, and 7 exploration applications covering a total area of 175,443 hectares located in the northern region of Pará State, Brazil.

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