Scotiabank Reaffirms Outperform Rating for Semafo Inc. (SMF)
Scotiabank reiterated their outperform rating on shares of Semafo Inc. (TSE:SMF) in a research note issued to investors on Wednesday. Scotiabank currently has a C$5.25 price objective on the mining company’s stock.
A number of other research firms also recently weighed in on SMF. Clarus Securities reaffirmed a hold rating on shares of Semafo in a research report on Thursday, November 9th. CSFB raised shares of Semafo from a neutral rating to an outperform rating in a research report on Wednesday, August 9th. Finally, Desjardins reissued a buy rating and issued a C$4.75 price objective on shares of Semafo in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$5.19.
Semafo (SMF) opened at C$3.36 on Wednesday. Semafo has a 12-month low of C$2.68 and a 12-month high of C$5.24.
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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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