Semafo Inc. (TSE:SMF)‘s stock had its “outperform” rating reiterated by equities research analysts at Scotiabank in a note issued to investors on Thursday. They currently have a C$7.25 price objective on the mining company’s stock. Scotiabank’s price objective would suggest a potential upside of 68.21% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. National Bank Financial lifted their target price on shares of Semafo from C$7.50 to C$8.00 in a report on Wednesday, July 13th. TD Securities restated a “hold” rating and set a C$7.50 price objective on shares of Semafo in a report on Thursday, August 11th. Finally, Raymond James Financial Inc. dropped their price objective on shares of Semafo from C$7.25 to C$7.00 in a report on Friday, September 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$6.20.

Analyst Recommendations for Semafo (TSE:SMF)

Shares of Semafo (TSE:SMF) opened at 4.31 on Thursday. The firm has a market cap of $1.52 billion and a price-to-earnings ratio of 31.23. The firm has a 50 day moving average of $5.20 and a 200 day moving average of $5.83. Semafo has a 52 week low of $3.01 and a 52 week high of $7.46.

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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