Semafo (TSE:SMF) Price Target Cut to C$5.00
Semafo (TSE:SMF) had its target price lowered by investment analysts at Scotiabank from C$6.50 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 85.87% from the stock’s previous close.
Several other research firms have also commented on SMF. Raymond James restated a “market perform” rating and set a C$6.50 price target on shares of Semafo in a research report on Wednesday, November 6th. Desjardins downgraded shares of Semafo from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. National Bank Financial decreased their price objective on shares of Semafo from C$7.50 to C$6.00 in a research report on Monday, November 18th. Bank of America increased their target price on shares of Semafo from C$5.80 to C$6.30 in a research note on Friday, August 16th. Finally, Sprott Securities upgraded Semafo from a “hold” rating to a “buy” rating and set a C$4.80 target price on the stock in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Semafo presently has a consensus rating of “Buy” and a consensus price target of C$5.87.
Shares of SMF traded down C$0.11 during trading hours on Tuesday, hitting C$2.69. The stock had a trading volume of 1,098,561 shares, compared to its average volume of 1,036,286. The company has a debt-to-equity ratio of 13.26, a quick ratio of 0.93 and a current ratio of 1.76. The firm has a 50-day moving average price of C$3.47 and a 200 day moving average price of C$4.45. Semafo has a fifty-two week low of C$2.37 and a fifty-two week high of C$5.75. The firm has a market capitalization of $931.80 million and a price-to-earnings ratio of 18.18.
SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the Siou deposit. It also holds a 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.
Further Reading: What is a Candlestick Chart?
Receive News & Ratings for Semafo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semafo and related companies with MarketBeat.com's FREE daily email newsletter.