Semafo Inc. (TSE:SMF) Receives C$5.26 Consensus PT from Brokerages

Shares of Semafo Inc. (TSE:SMF) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$5.26.

SMF has been the topic of several recent analyst reports. TD Securities cut their price target on Semafo from C$7.00 to C$5.50 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Clarus Securities cut Semafo from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. CIBC lowered Semafo from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$6.00 to C$4.50 in a report on Tuesday, April 25th. Scotiabank reissued an “outperform” rating and issued a C$5.25 price objective on shares of Semafo in a report on Friday, July 7th. Finally, Raymond James Financial, Inc. lowered their price objective on Semafo from C$5.50 to C$4.80 and set an “outperform” rating for the company in a report on Tuesday, April 25th.

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Semafo (TSE:SMF) traded down 2.28% on Monday, hitting $3.00. The stock had a trading volume of 1,466,457 shares. Semafo has a 12-month low of $2.68 and a 12-month high of $7.46. The company’s 50 day moving average is $2.98 and its 200 day moving average is $3.74. The firm has a market cap of $974.62 million and a PE ratio of 62.50.

In related news, Director Benoit Desormeaux bought 15,000 shares of the stock in a transaction dated Friday, May 12th. The stock was bought at an average cost of C$3.11 per share, with a total value of C$46,650.00. Insiders have bought 30,000 shares of company stock valued at $89,950 over the last ninety days.

About Semafo

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.