Semafo (SMF) Releases Quarterly Earnings, Beats Estimates By $0.03 EPS
Semafo (TSE:SMF) released its earnings data on Friday. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03, AR Network reports.
Several analysts have recently commented on the stock. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Semafo in a research note on Wednesday, July 30th. They now have a C$4.50 price target on the stock. On the ratings front, analysts at Raymond James downgraded shares of Semafo from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. They now have a C$5.00 price target on the stock, up previously from C$4.75. Finally, analysts at TD Securities raised their price target on shares of Semafo from C$4.25 to C$4.50 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Semafo has an average rating of “Hold” and a consensus price target of C$4.24.
Semafo (TSE:SMF) opened at 5.30 on Friday. Semafo has a 52-week low of $1.70 and a 52-week high of $5.48. The stock’s 50-day moving average is $4.83 and its 200-day moving average is $4.2. The company’s market cap is $1.463 billion.
SEMAFO Inc (TSE:SMF) is a Canadian-based mining company with gold production and exploration activities in West Africa.
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