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Semafo (TSE:SMF) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, Stock Ratings News reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$4.94.

A number of research firms have recently commented on SMF. Analysts at BMO Capital Markets downgraded shares of Semafo from an “outperform” rating to a “market perform” rating in a research note on Monday. Separately, 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, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Semafo from a “market perform” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a C$6.00 price target on the stock, up previously from C$5.00.

Semafo (TSE:SMF) opened at 5.11 on Monday. Semafo has a 52 week low of $1.85 and a 52 week high of $5.48. The stock’s 50-day moving average is $4.86 and its 200-day moving average is $4.28. The company’s market cap is $1.414 billion.

Semafo (TSE:SMF) last posted its quarterly 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. On average, analysts predict that Semafo will post $0.11 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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