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Belo Sun Mining (TSE:BSX)
:BSX

Belo Sun Mining (BSX) AI Stock Analysis

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Belo Sun Mining

(TSX:BSX)

Rating:39Underperform
Price Target:
Belo Sun Mining's overall stock score reflects significant financial challenges due to a lack of revenue and ongoing losses, which are partially offset by positive corporate events. Despite favorable legal progress and strategic board changes, the company's financial stance remains a major hurdle. Technical indicators show mixed signals, while the negative valuation metrics highlight the need for substantial operational improvements.

Belo Sun Mining (BSX) vs. iShares MSCI Canada ETF (EWC)

Belo Sun Mining Business Overview & Revenue Model

Company DescriptionBelo Sun Mining Corp. (BSX) is a Canada-based mineral exploration and development company primarily focused on advancing its Volta Grande Gold Project in Brazil. The company operates within the mining sector, specializing in the exploration and development of precious metal resources. Belo Sun is committed to the responsible and sustainable development of its assets to create value for its shareholders.
How the Company Makes MoneyBelo Sun Mining makes money through the exploration, development, and eventual production and sale of gold from its mining projects. The company's primary revenue stream is anticipated to come from the extraction and sale of gold once its Volta Grande Gold Project reaches production. Belo Sun’s earnings are significantly influenced by the market price of gold, operational efficiency, and the successful advancement of its mining projects. The company may also engage in strategic partnerships or joint ventures to enhance project development and financing, which can also contribute to its revenue streams.

Belo Sun Mining Financial Statement Overview

Summary
Belo Sun Mining faces significant financial difficulties with no revenue generation and consistent losses. The absence of debt is a positive aspect, but the reliance on equity financing and negative cash flows highlight sustainability risks. Immediate strategic changes are needed to stabilize the financial outlook.
Income Statement
5
Very Negative
Belo Sun Mining has not generated any revenue over the reporting periods. The gross profit, EBIT, and net income are negative, indicating ongoing losses. The lack of revenue growth and negative margins highlight significant financial challenges.
Balance Sheet
30
Negative
The company has no debt, leading to a favorable debt-to-equity ratio. However, the stockholders' equity has been decreasing, and the return on equity is negative due to consistent net losses. The equity ratio remains strong, suggesting reliance on equity financing.
Cash Flow
20
Very Negative
Operating cash flows are negative, reflecting cash burn without revenue generation. Free cash flow is also negative, indicating cash outflows exceeding inflows. The company manages to maintain liquidity through cash reserves, but sustainability is a concern.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
0.000.000.000.000.00
Gross Profit
-38.00K-144.12K-46.87K-59.50K-97.46K
EBIT
-7.56M-11.78M-14.07M-6.44M-5.79M
EBITDA
-7.25M-10.57M-13.30M-6.14M-5.39M
Net Income Common Stockholders
-7.29M-10.72M-14.72M-6.21M-5.49M
Balance SheetCash, Cash Equivalents and Short-Term Investments
10.88M15.10M17.58M23.96M30.01M
Total Assets
23.34M26.81M36.74M48.40M54.49M
Total Debt
0.000.008.92K23.09K40.13K
Net Debt
-10.88M-15.10M-17.58M-23.94M-29.97M
Total Liabilities
3.11M1.72M1.50M1.85M3.65M
Stockholders Equity
20.23M25.09M35.24M46.55M50.84M
Cash FlowFree Cash Flow
-5.25M-4.67M-9.90M-5.90M-4.37M
Operating Cash Flow
-5.24M-4.62M-9.89M-5.89M-4.36M
Investing Cash Flow
-9.00K1.90M3.53M-3.92K5.07M
Financing Cash Flow
1.16M-9.65K-117.67K-16.77K1.21M

Belo Sun Mining Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.21
Price Trends
50DMA
0.20
Negative
100DMA
0.19
Positive
200DMA
0.12
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
47.29
Neutral
STOCH
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BSX, the sentiment is Negative. The current price of 0.21 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.29 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BSX.

Belo Sun Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSXTG
61
Neutral
C$95.10M28.5321.41%-55.15%
51
Neutral
$2.03B-1.13-21.36%3.65%2.87%-30.54%
TSLME
45
Neutral
C$82.05M-36.90%8.40%
TSBYN
44
Neutral
C$86.48M-6.89%-1036.36%
TSBSX
39
Underperform
C$93.34M-41.70%32.34%
TSSUP
32
Underperform
C$114.11M-301.18%-205.11%
TSG
24
Underperform
C$82.49M-22.02%-199.24%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BSX
Belo Sun Mining
0.20
0.16
400.00%
TSE:G
Augusta Gold
0.97
0.03
3.19%
TSE:BYN
Banyan Gold
0.23
-0.09
-28.13%
TSE:SUP
Northern Superior Resources
0.73
0.08
12.31%
TSE:LME
Laurion Mineral Exploration
0.30
-0.10
-25.00%
TSE:XTG
Xtra-Gold Resource
2.04
0.66
47.83%

Belo Sun Mining Corporate Events

Executive/Board Changes
Belo Sun Mining Strengthens Board with New Director Appointment
Positive
Jan 27, 2025

Belo Sun Mining Corp. has appointed Mr. Jack Lunnon to its board of directors as a nominee of La Mancha Investments. Mr. Lunnon brings over fifteen years of experience in geology, mining, and investments, along with significant expertise in geological modeling. This appointment aims to leverage his technical skills and experience to advance Belo Sun’s Volta Grande Project in Brazil, potentially unlocking value for stakeholders and strengthening the company’s industry position.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.