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BSX

Belo Sun MiningTSX:BSX Stock Report

Market Cap

CA$201.5m

7D

1.1%

1Y

-54.5%

Updated

26 Sep, 2021

Data

Company Financials +
BSX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BSX Overview

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil.

Price History & Performance

Summary of all time highs, changes and price drops for Belo Sun Mining
Historical stock prices
Current Share PriceCA$0.46
52 Week HighCA$0.41
52 Week LowCA$1.44
Beta0.68
1 Month Change-24.59%
3 Month Change-25.81%
1 Year Change-54.46%
3 Year Change104.44%
5 Year Change-51.06%
Change since IPO155.56%

Recent News & Updates

Aug 17
Belo Sun Mining (TSE:BSX) Is In A Strong Position To Grow Its Business

Belo Sun Mining (TSE:BSX) Is In A Strong Position To Grow Its Business

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

May 02
We Think Belo Sun Mining (TSE:BSX) Can Easily Afford To Drive Business Growth

We Think Belo Sun Mining (TSE:BSX) Can Easily Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Feb 21
What Is The Ownership Structure Like For Belo Sun Mining Corp (TSE:BSX)?

What Is The Ownership Structure Like For Belo Sun Mining Corp (TSE:BSX)?

If you want to know who really controls Belo Sun Mining Corp ( TSE:BSX ), then you'll have to look at the makeup of its...

Jan 17
We're Not Worried About Belo Sun Mining's (TSE:BSX) Cash Burn

We're Not Worried About Belo Sun Mining's (TSE:BSX) Cash Burn

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Dec 13
Should You Review Recent Insider Transactions At Belo Sun Mining Corp (TSE:BSX)?

Should You Review Recent Insider Transactions At Belo Sun Mining Corp (TSE:BSX)?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...

Shareholder Returns

BSXCA Metals and MiningCA Market
7D1.1%-3.0%-0.3%
1Y-54.5%-10.5%30.8%

Return vs Industry: BSX underperformed the Canadian Metals and Mining industry which returned -10.5% over the past year.

Return vs Market: BSX underperformed the Canadian Market which returned 30.8% over the past year.

Price Volatility

Is BSX's price volatile compared to industry and market?
BSX volatility
BSX Beta0.68
Industry Beta1.09
Market Beta1

Stable Share Price: BSX is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: BSX's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
1996n/aPeter Tagliamontehttps://www.belosun.com

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. It holds a 100% interest in its flagship property, the Volta Grande Gold project consisting of four mining concession applications, 58 exploration permits, and 16 exploration permits extension submitted covering a total area of 172,631 hectares located in the northern region of Pará State, Brazil. The company was formerly known as Verena Minerals Corporation and changed its name to Belo Sun Mining Corp. in July 2010.

Belo Sun Mining Fundamentals Summary

How do Belo Sun Mining's earnings and revenue compare to its market cap?
BSX fundamental statistics
Market CapCA$201.48m
Earnings (TTM)-CA$7.74m
Revenue (TTM)n/a

0x

P/S Ratio

-26.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSX income statement (TTM)
RevenueCA$0
Cost of Revenue-CA$31.45k
Gross ProfitCA$31.45k
ExpensesCA$7.77m
Earnings-CA$7.74m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did BSX perform over the long term?

See historical performance and comparison

Valuation

Is Belo Sun Mining undervalued compared to its fair value and its price relative to the market?

4.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BSX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BSX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BSX is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.

PE vs Market: BSX is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BSX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BSX is overvalued based on its PB Ratio (4.3x) compared to the CA Metals and Mining industry average (2.4x).


Future Growth

How is Belo Sun Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Belo Sun Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Belo Sun Mining performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSX is currently unprofitable.

Growing Profit Margin: BSX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSX is unprofitable, but has reduced losses over the past 5 years at a rate of 22.1% per year.

Accelerating Growth: Unable to compare BSX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BSX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (126.4%).


Return on Equity

High ROE: BSX has a negative Return on Equity (-16.36%), as it is currently unprofitable.


Financial Health

How is Belo Sun Mining's financial position?


Financial Position Analysis

Short Term Liabilities: BSX's short term assets (CA$27.1M) exceed its short term liabilities (CA$3.6M).

Long Term Liabilities: BSX's short term assets (CA$27.1M) exceed its long term liabilities (CA$16.9K).


Debt to Equity History and Analysis

Debt Level: BSX is debt free.

Reducing Debt: BSX has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BSX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BSX has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.5% each year.


Dividend

What is Belo Sun Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BSX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BSX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BSX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Peter Tagliamonte (59 yo)

7.08yrs

Tenure

CA$726,392

Compensation

Mr. Peter W. Tagliamonte, P.Eng., MBA, has been the Chief Executive Officer and President at Belo Sun Mining Corp., since August 2014. Mr. Tagliamonte had been Senior Vice President of Sulliden Mining Capi...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD572.20K) is about average for companies of similar size in the Canadian market ($USD511.05K).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BSX's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: BSX's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BSX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Belo Sun Mining Corp's employee growth, exchange listings and data sources


Key Information

  • Name: Belo Sun Mining Corp
  • Ticker: BSX
  • Exchange: TSX
  • Founded: 1996
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$201.476m
  • Shares outstanding: 437.99m
  • Website: https://www.belosun.com

Number of Employees


Location

  • Belo Sun Mining Corp
  • 65 Queen Street West
  • Suite 900
  • Toronto
  • Ontario
  • M5H 2M5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:04
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.