A number of other equities research analysts also recently commented on SMF. Scotiabank reaffirmed an outperform rating and set a C$6.00 target price on shares of Semafo in a report on Tuesday, June 21st. TD Securities reaffirmed a hold rating and set a C$7.50 target price on shares of Semafo in a report on Thursday, August 11th. Finally, National Bank Financial lifted their target price on Semafo from C$5.35 to C$5.80 in a report on Friday, May 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$6.05.
Shares of Semafo (TSE:SMF) opened at 5.47 on Friday. The stock has a market cap of $1.78 billion and a price-to-earnings ratio of 47.16. The stock’s 50 day moving average is $6.12 and its 200 day moving average is $5.73. Semafo has a 52-week low of $2.69 and a 52-week high of $7.46.
In other news, Director Lawrence Mcbrearty sold 67,794 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of C$6.79, for a total value of C$460,321.26. Also, Director Gilles Masson sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of C$6.99, for a total value of C$139,800.00.
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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