Clarus Securities Comments on Semafo Inc.’s FY2017 Earnings (SMF)
Semafo Inc. (TSE:SMF) – Stock analysts at Clarus Securities decreased their FY2017 earnings per share (EPS) estimates for shares of Semafo in a report released on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the mining company will post earnings of $0.03 per share for the year, down from their previous estimate of $0.07. Clarus Securities currently has a “Accumulate” rating on the stock. Clarus Securities also issued estimates for Semafo’s FY2018 earnings at $0.20 EPS.
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Several other analysts have also weighed in on the stock. CIBC lowered shares of Semafo from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$6.00 to C$4.50 in a research note on Tuesday, April 25th. Scotiabank set a C$5.25 price objective on shares of Semafo and gave the company an “outperform” rating in a research note on Thursday, May 4th. TD Securities restated a “buy” rating and set a C$5.50 price target on shares of Semafo in a research note on Thursday, May 4th. Royal Bank Of Canada decreased 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. Finally, Raymond James Financial, Inc. decreased 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$5.26.
Shares of Semafo (SMF) opened at 3.37 on Monday. The company has a market cap of $1.09 billion and a P/E ratio of 70.21. Semafo has a 12 month low of $2.68 and a 12 month high of $6.87. The stock’s 50 day moving average is $2.99 and its 200 day moving average is $3.59.
In other Semafo news, Director Benoit Desormeaux purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of C$2.94 per share, for a total transaction of C$29,400.00.
Semafo Company Profile
SEMAFO Inc, a mining company, engages in the exploration and production of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou and Fofina. It also engages in the construction of the Natougou Project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.
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