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Investment analysts at Morgan Stanley started coverage on shares of Semafo (TSE:SMF) in a note issued to investors on Wednesday. The firm set an “underweight” rating and a C$5.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 3.09% from the company’s current price.

Semafo (TSE:SMF) traded up 1.44% on Wednesday, hitting $4.92. The stock had a trading volume of 575,341 shares. Semafo has a 52 week low of $1.85 and a 52 week high of $5.48. The stock has a 50-day moving average of $4.90 and a 200-day moving average of $4.39. The company’s market cap is $1.362 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 $0.11 EPS for the current fiscal year.

A number of other firms have also recently commented on SMF. Analysts at Goldman Sachs raised their price target on shares of Semafo from C$4.00 to C$4.50 in a research note on Wednesday, August 20th. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$4.91.

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

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