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Semafo (TSE:SMF) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday. The firm currently has a C$6.00 price target on the stock, up from their previous price target of C$5.00. Raymond James’ target price indicates a potential upside of 13.21% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jennings Capital raised their price target on shares of Semafo from C$4.25 to C$5.75 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Semafo from C$4.50 to C$5.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Semafo from C$4.50 to C$4.75 in a research note on Friday. They now have a “sector perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$4.55.

Shares of Semafo (TSE:SMF) traded down 0.19% during mid-day trading on Friday, hitting $5.29. 1,664,451 shares of the company’s stock traded hands. Semafo has a one year low of $1.70 and a one year 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 $1.460 billion.

Semafo (TSE:SMF) last released its earnings data on Friday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Analysts expect that Semafo will post $0.10 EPS for the current fiscal year.

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

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