Semafo Inc. (TSE:SMF) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a C$7.50 price target on the mining company’s stock. TD Securities’ price target points to a potential upside of 74.01% from the company’s current price.

A number of other analysts also recently issued reports on SMF. National Bank Financial lifted their price objective on Semafo from C$7.50 to C$8.00 in a research note on Wednesday, July 13th. Scotiabank reaffirmed an “outperform” rating and issued a C$7.50 price objective on shares of Semafo in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. reduced their price objective on Semafo from C$7.25 to C$7.00 in a research note on Friday, September 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Semafo currently has an average rating of “Buy” and a consensus price target of C$6.20.

Analyst Recommendations for Semafo (TSE:SMF)

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

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.

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