Semafo Inc. (TSE:SMF) – Desjardins issued their Q3 2017 earnings per share estimates for shares of Semafo in a research report issued on Monday. Desjardins analyst R. Ray forecasts that the mining company will post earnings per share of $0.05 for the quarter. Desjardins currently has a “Buy” rating and a $4.75 target price on the stock. Desjardins also issued estimates for Semafo’s FY2017 earnings at $0.13 EPS and FY2018 earnings at $0.30 EPS.

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Other equities analysts have also recently issued research reports about the company. Scotiabank restated an “outperform” rating and issued a C$5.25 price target on shares of Semafo in a report on Friday, July 7th. Clarus Securities restated an “accumulate” rating on shares of Semafo in a report on Thursday, August 10th. Finally, CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Semafo presently has an average rating of “Buy” and an average price target of C$5.19.

Shares of Semafo (SMF) opened at 3.38 on Tuesday. The firm has a market cap of $1.10 billion and a PE ratio of 58.28. The company has a 50-day moving average of $3.37 and a 200 day moving average of $3.20. Semafo has a one year low of $2.68 and a one year high of $5.85.

In other news, Director Benoit Desormeaux purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of C$3.33 per share, with a total value of C$33,300.00. Also, insider Martin Milette purchased 29,900 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average cost of C$3.35 per share, for a total transaction of C$100,165.00.

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.

Earnings History and Estimates for Semafo (TSE:SMF)

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