Brokerages Set Semafo Inc. (SMF) Price Target at $6.20
Semafo Inc. (TSE:SMF) has been given a consensus recommendation of “Buy” by the twelve analysts that are covering the firm. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$6.20.
Several research analysts have issued reports on SMF shares. Scotiabank restated an “outperform” rating and issued a C$7.50 price target on shares of Semafo in a research report on Thursday, August 11th. TD Securities raised shares of Semafo from a “hold” rating to a “buy” rating and set a C$7.50 price objective for the company in a research note on Thursday. Finally, Raymond James Financial Inc. decreased their price objective on shares of Semafo from C$7.25 to C$7.00 in a research note on Friday, September 23rd.
Semafo (TSE:SMF) opened at 4.31 on Wednesday. Semafo has a 52 week low of $3.01 and a 52 week high of $7.46. The firm’s 50 day moving average price is $5.20 and its 200-day moving average price is $5.83. The stock has a market cap of $1.52 billion and a price-to-earnings ratio of 31.23.
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.
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