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RBC Capital upped their price objective on shares of Semafo (TSE:SMF) from C$3.80 to C$4.50 in a research note issued on Thursday, Analyst Ratings Net reports. RBC Capital’s price objective would suggest a potential upside of 8.70% from the stock’s previous close.

Shares of Semafo (TSE:SMF) traded up 0.97% on Thursday, hitting $4.18. The stock had a trading volume of 653,417 shares. Semafo has a 52 week low of $1.23 and a 52 week high of $4.31. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $2.77. The company’s market cap is $1.142 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Semafo from C$4.00 to C$4.80 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Semafo from C$4.00 to C$4.80 in a research note on Wednesday. Finally, analysts at TD Securities raised their price target on shares of Semafo from C$3.50 to C$3.75 in a research note on Friday, January 24th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$3.65.

SEMAFO Inc (TSE:SMF) is a Canada-based mining company with gold production and exploration activities in West Africa.

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