Research Analysts Set Expectations for Semafo Inc.’s FY2019 Earnings (SMF)

Semafo Inc. (TSE:SMF) – National Bank Financial upped their FY2019 earnings per share estimates for shares of Semafo in a research note issued to investors on Sunday, February 10th. National Bank Financial analyst D. Demarco now expects that the mining company will earn $0.42 per share for the year, up from their prior estimate of $0.39. National Bank Financial also issued estimates for Semafo’s FY2020 earnings at $0.37 EPS.

Separately, Raymond James set a C$5.00 target price on shares of Semafo and gave the company a “market perform” rating in a research note on Monday.

Shares of TSE:SMF opened at C$2.88 on Tuesday. Semafo has a 52 week low of C$2.23 and a 52 week high of C$4.14. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 19.37. The company has a market capitalization of $970.34 million and a price-to-earnings ratio of -57.60.

About Semafo

SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou 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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Earnings History and Estimates for Semafo (TSE:SMF)

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