Semafo Inc. (TSE:SMF) – Equities research analysts at Desjardins cut their FY2018 earnings estimates for shares of Semafo in a research report issued to clients and investors on Wednesday. Desjardins analyst R. Ray now anticipates that the mining company will post earnings per share of $0.05 for the year, down from their prior forecast of $0.06.
SMF has been the subject of a number of other reports. Scotiabank reissued an “outperform” rating and issued a C$5.25 price target on shares of Semafo in a report on Wednesday, November 15th. Clarus Securities reissued a “hold” rating on shares of Semafo in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$5.01.
In other Semafo news, insider Martin Milette bought 30,000 shares of Semafo stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of C$3.42 per share, with a total value of C$102,600.00.
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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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