Semafo Inc. (SMF) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Semafo Inc. (TSE:SMF) have received an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$4.97.
A number of equities analysts have recently commented on SMF shares. Scotiabank reissued an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a research note on Wednesday, November 15th. Clarus Securities reissued a “hold” rating on shares of Semafo in a research note on Thursday, January 25th.
In other news, insider Ã‰Ric Paul-Hus purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of C$3.36 per share, with a total value of C$50,400.00.
Semafo (TSE:SMF) last issued its earnings results on Wednesday, November 8th. The mining company reported C$0.04 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.03 by C$0.01. Semafo had a net margin of 19.77% and a return on equity of 6.80%. The business had revenue of C$87.59 million for the quarter.
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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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