Semafo Inc. (SMF) Receives Average Rating of “Buy” from Analysts
Semafo Inc. (TSE:SMF) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$5.26.
SMF has been the subject of a number of research reports. TD Securities cut their price target on shares of Semafo from C$7.00 to C$5.50 and set a “buy” rating for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada cut their price target on shares of Semafo from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 25th. CIBC cut shares of Semafo from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$6.00 to C$4.50 in a research note on Tuesday, April 25th. Raymond James Financial, Inc. cut their price target on shares of Semafo from C$5.50 to C$4.80 and set an “outperform” rating for the company in a research note on Tuesday, April 25th. Finally, Scotiabank set a C$5.25 price target on shares of Semafo and gave the stock an “outperform” rating in a research note on Thursday, May 4th.
Shares of Semafo (TSE SMF) traded down 2.65% during midday trading on Monday, reaching $2.94. 786,490 shares of the company’s stock traded hands. The stock has a market cap of $955.13 million and a P/E ratio of 61.25. Semafo has a 12 month low of $2.68 and a 12 month high of $7.46. The stock has a 50 day moving average of $2.99 and a 200-day moving average of $3.75.
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In related news, Director Benoit Desormeaux purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of C$2.94 per share, with a total value of C$29,400.00. In the last three months, insiders acquired 30,000 shares of company stock valued at $89,950.
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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