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Stock analysts at Goldman Sachs lifted their price target on shares of Semafo (TSE:SMF) from C$4.00 to C$4.50 in a report issued on Wednesday. Goldman Sachs’ target price would indicate a potential downside of 12.96% from the company’s current price.

Shares of Semafo (TSE:SMF) traded up 2.13% during mid-day trading on Wednesday, hitting $5.28. The stock had a trading volume of 456,860 shares. 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 $4.88 and its 200-day moving average is $4.32. The company’s market cap is $1.461 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 $0.11 EPS for the current fiscal year.

A number of other analysts have also recently weighed in 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, August 11th. 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. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.90.

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

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