Semafo Inc. (SMF) Receives Buy Rating from Desjardins
Desjardins restated their buy rating on shares of Semafo Inc. (TSE:SMF) in a research note published on Friday. The brokerage currently has a C$4.75 price target on the mining company’s stock. Desjardins also issued estimates for Semafo’s FY2017 earnings at $0.09 EPS, FY2018 earnings at $0.32 EPS and FY2020 earnings at $0.74 EPS.
SMF has been the subject of several other research reports. CSFB upgraded shares of Semafo from a neutral rating to an outperform rating in a report on Wednesday, August 9th. Scotiabank set a C$5.25 target price on shares of Semafo and gave the company an outperform rating in a report on Thursday, August 10th. Finally, Clarus Securities reiterated an accumulate rating on shares of Semafo in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$5.19.
Shares of Semafo (TSE SMF) traded down 0.90% on Friday, reaching $3.30. The company had a trading volume of 748,616 shares. The stock has a market capitalization of $1.07 billion and a P/E ratio of 56.90. Semafo has a 1-year low of $2.68 and a 1-year high of $5.87. The company’s 50 day moving average price is $3.27 and its 200-day moving average price is $3.32.
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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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