Semafo Inc. (TSE:SMF) had its price objective raised by equities researchers at National Bank Financial from C$5.35 to C$5.80 in a report issued on Friday, StockTargetPrices.com reports. National Bank Financial’s price target points to a potential upside of 12.40% from the company’s previous close.

SMF has been the topic of a number of other research reports. Dundee Securities lifted their price target on shares of Semafo from C$5.75 to C$6.00 in a research report on Thursday, April 7th. Raymond James lowered shares of Semafo to a “market perform” rating and lifted their price target for the company from C$5.00 to C$5.50 in a research report on Monday, March 14th. Laurentian Bank of Canada dropped their price target on shares of Semafo from C$6.00 to C$5.50 in a research report on Tuesday, April 19th. Paradigm Capital lifted their price target on shares of Semafo from C$5.00 to C$5.25 in a research report on Thursday, February 25th. Finally, RBC Capital dropped their price target on shares of Semafo from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Tuesday, February 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$5.52.

In other news, Director John Leboutillier sold 100,000 shares of the business’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of C$4.84, for a total value of C$484,000.00. Also, Director Tertius Zongo sold 26,542 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of C$4.93, for a total transaction of C$130,852.06.

Shares of Semafo (TSE:SMF) traded down 1.94% during trading on Friday, reaching $5.06. 598,887 shares of the company’s stock traded hands. Semafo has a 1-year low of $2.46 and a 1-year high of $6.01. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of 30.30. The stock has a 50-day moving average of $5.11 and a 200-day moving average of $4.20.

SEMAFO Inc is a Canada-based mining company with gold production and exploration activities in West Africa. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. The company and its subsidiaries operate the Mana Mine in Burkina Faso, which includes the satellite Siou and Fofina deposits.

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