Semafo Inc. (SMF) Earns Outperform Rating from Scotiabank
Semafo Inc. (TSE:SMF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a report issued on Friday. They currently have a C$5.25 price target on the mining company’s stock. Scotiabank’s price objective would indicate a potential upside of 83.57% from the stock’s current price.
SMF has been the topic of a number of other reports. CIBC lowered Semafo from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$6.00 to C$4.50 in a research report on Tuesday, April 25th. TD Securities cut their target price on Semafo from C$7.00 to C$5.50 and set a “buy” rating on the stock in a research report on Tuesday, April 25th. Clarus Securities lowered Semafo from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Raymond James Financial, Inc. cut their target price on Semafo from C$5.50 to C$4.80 and set an “outperform” rating on the stock in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada cut their target price on Semafo from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Semafo currently has a consensus rating of “Buy” and a consensus target price of C$5.60.
Shares of Semafo (TSE:SMF) remained flat at $2.86 during trading on Friday. 1,763,514 shares of the company were exchanged. The company has a market cap of $929.14 million and a P/E ratio of 59.58. Semafo has a 12-month low of $2.68 and a 12-month high of $7.46. The company has a 50-day moving average price of $2.97 and a 200-day moving average price of $3.89.
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In other news, Director Benoit Desormeaux purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of C$2.94 per share, with a total value of C$29,400.00. Over the last three months, insiders have purchased 30,000 shares of company stock worth $89,950.
Semafo Company Profile
SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.
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