Semafo Inc. (SMF) Given Consensus Recommendation of “Buy” by Brokerages
Semafo Inc. (TSE:SMF) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$5.04.
A number of research firms have issued reports on SMF. Scotiabank reiterated an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a research note on Wednesday, November 15th. Clarus Securities reissued a “hold” rating on shares of Semafo in a research report on Thursday, November 9th. Desjardins reissued a “buy” rating and issued a C$4.75 price target on shares of Semafo in a research report on Friday, September 29th. Finally, CSFB raised shares of Semafo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 9th.
In related news, Director Benoit Desormeaux bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of C$3.33 per share, with a total value of C$33,300.00. Also, insider Ã‰Ric Paul-Hus bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of C$3.36 per share, for a total transaction of C$50,400.00. Insiders have purchased 54,900 shares of company stock worth $183,865 in the last ninety days.
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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