Semafo Inc. (TSE:SMF) – Equities research analysts at Raymond James Financial boosted their FY2017 earnings estimates for shares of Semafo in a research report issued on Friday. Raymond James Financial analyst C. Thompson now anticipates that the firm will post earnings of $0.29 per share for the year, up from their previous forecast of $0.26.
A number of other research analysts also recently issued reports on SMF. Scotiabank reiterated an “outperform” rating and set a C$6.00 price objective on shares of Semafo in a research note on Tuesday, June 21st. TD Securities reiterated a “hold” rating and set a C$7.50 price objective on shares of Semafo in a research note on Thursday, August 11th. Finally, National Bank Financial boosted their price target on Semafo from C$7.50 to C$8.00 in a report on Wednesday, July 13th. 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 price target of C$6.05.
Shares of Semafo (TSE:SMF) traded down 0.55% on Monday, hitting $5.44. 172,251 shares of the stock traded hands. Semafo has a 52-week low of $2.69 and a 52-week high of $7.46. The firm has a market cap of $1.77 billion and a PE ratio of 46.90. The firm has a 50 day moving average price of $6.12 and a 200 day moving average price of $5.73.
In related news, Director Jean Lamarre sold 50,000 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$7.20, for a total transaction of C$360,000.00. Also, insider Martin Milette sold 100,000 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of C$7.18, for a total value of C$718,000.00.
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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