Scotiabank Sticks to Its Hold Rating for Belo Sun Mining (BSX)


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Belo Sun Mining (TSX: BSX). Today, analyst Ovais Habib gave a Hold rating to BSX and set a C$0.45 price target.

Habib has an average return of 131.7% when recommending Belo Sun Mining.

According to TipRanks.com, Habib is ranked #703 out of 4881 analysts.

Currently, the analyst consensus on Belo Sun Mining is a Moderate Buy with an average price target of C$0.43.

Belo Sun Mining’s market cap is currently C$91.81M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.39.

Belo Sun Mining Corp. is a mineral exploration company, which engages in the exploration and development of gold properties. Its projects include Volta Grande, Patrocinio, and Rainbow Alexandrite. The company was founded on July 1, 1996 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at C$0.22, close to its 52-week low of C$0.17.

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