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Semafo (TSE:SMF) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Monday.

Shares of Semafo (TSE:SMF) traded down 2.26% on Monday, hitting $5.18. The stock had a trading volume of 2,505,985 shares. Semafo has a 52-week low of $1.77 and a 52-week high of $5.48. The stock’s 50-day moving average is $4.85 and its 200-day moving average is $4.24. The company’s market cap is $1.430 billion.

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

SMF has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Semafo from C$5.50 to C$6.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James upgraded shares of Semafo from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a C$6.00 price target on the stock, up previously from C$5.00. Finally, 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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Semafo has an average rating of “Hold” and a consensus price target of C$4.67.

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

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