Brokerages Set Semafo Inc. (TSE:SMF) Target Price at $6.05
Semafo Inc. (TSE:SMF) has received a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$6.05.
A number of research firms have weighed in on SMF. Scotiabank restated an “outperform” rating and issued a C$7.50 price target on shares of Semafo in a research note on Thursday, August 11th. TD Securities restated a “hold” rating and issued a C$7.50 price target on shares of Semafo in a research note on Thursday, August 11th. National Bank Financial raised their price objective on Semafo from C$7.50 to C$8.00 in a research report on Wednesday, July 13th. Finally, Raymond James Financial Inc. raised their price objective on Semafo from C$6.00 to C$7.25 in a research report on Monday, June 27th.
Semafo (TSE:SMF) opened at 4.88 on Wednesday. The firm’s 50-day moving average price is $5.77 and its 200 day moving average price is $5.74. The stock has a market cap of $1.59 billion and a PE ratio of 42.07. Semafo has a 1-year low of $2.69 and a 1-year high of $7.46.
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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