Semafo Inc. (SMF) Receives Consensus Rating of “Buy” from Analysts

Semafo Inc. (TSE:SMF) has been given an average rating of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on 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.

SMF has been the subject of a number of research analyst reports. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a research note on Thursday, November 9th. Desjardins reaffirmed a “buy” rating and issued a C$4.75 target price on shares of Semafo in a research note on Friday, September 29th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a research note on Wednesday, November 15th.

Semafo (TSE:SMF) traded up C$0.16 during trading hours on Monday, reaching C$3.90. 604,428 shares of the company’s stock were exchanged, compared to its average volume of 991,130. The firm has a market capitalization of $1,270.00, a price-to-earnings ratio of 78.00 and a beta of -1.02. Semafo has a 52-week low of C$2.68 and a 52-week high of C$5.24.

Semafo (TSE:SMF) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported C$0.04 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.03 by C$0.01. Semafo had a net margin of 19.77% and a return on equity of 6.80%.

In related news, Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of C$3.36, for a total transaction of C$194,759.04. Also, insider ÉRic Paul-Hus purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of C$3.36 per share, with a total value of C$50,400.00.

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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.

Analyst Recommendations for Semafo (TSE:SMF)

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