Semafo Inc. (SMF) Director Sells C$331,281.27 in Stock

Semafo Inc. (TSE:SMF) Director Benoit Desormeaux sold 94,923 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of C$3.49, for a total value of C$331,281.27.

Shares of Semafo Inc. (TSE SMF) traded up C$0.04 during midday trading on Wednesday, reaching C$3.51. The company’s stock had a trading volume of 1,140,000 shares, compared to its average volume of 1,100,000. The company has a market cap of $1,150.00, a price-to-earnings ratio of 43.88 and a beta of -0.71. Semafo Inc. has a 52-week low of C$2.68 and a 52-week high of C$4.50.

A number of brokerages have issued reports on SMF. Desjardins decreased their price target on Semafo from C$5.50 to C$5.00 in a research note on Tuesday, February 20th. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a research note on Thursday, January 25th. Scotiabank reaffirmed an “outperform” rating and set a C$5.25 price target on shares of Semafo in a research note on Wednesday, November 15th. Finally, National Bank Financial set a C$6.25 price target on Semafo and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$5.19.

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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.

Insider Buying and Selling by Quarter for Semafo (TSE:SMF)

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