Semafo (TSE:SMF) received a C$6.25 price target from analysts at National Bank Financial in a report released on Wednesday. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would suggest a potential upside of 79.08% from the stock’s previous close.
SMF has been the topic of a number of other reports. Scotiabank restated an “outperform” rating and issued a C$5.25 price target on shares of Semafo in a research note on Wednesday, November 15th. Clarus Securities restated a “buy” rating on shares of Semafo in a research note on Tuesday, February 20th. Finally, Desjardins decreased their price target on Semafo from C$5.50 to C$5.00 in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$5.19.
Semafo (TSE:SMF) traded up C$0.02 during trading on Wednesday, hitting C$3.49. The company had a trading volume of 830,577 shares, compared to its average volume of 1,100,000. Semafo has a 12-month low of C$2.68 and a 12-month high of C$4.50. The stock has a market capitalization of $1,150.00, a P/E ratio of 43.63 and a beta of -0.71.
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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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