Semafo (SMF) Stock Rating Reaffirmed by Scotiabank

Semafo (TSE:SMF)‘s stock had its “outperform” rating reissued by Scotiabank in a research report issued on Friday. They presently have a C$5.50 price objective on the mining company’s stock. Scotiabank’s target price points to a potential upside of 47.85% from the stock’s previous close.

Several other research firms also recently commented on SMF. Clarus Securities reiterated a “buy” rating on shares of Semafo in a research note on Tuesday, February 20th. National Bank Financial set a C$6.25 price objective on shares of Semafo and gave the stock an “outperform” rating in a research note on Wednesday, March 14th. Finally, Desjardins lowered their price objective on shares of 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 six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$5.22.

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Shares of Semafo (TSE SMF) opened at C$3.72 on Friday. Semafo has a one year low of C$2.68 and a one year high of C$4.29. The company has a market cap of $1,130.00, a price-to-earnings ratio of 46.50 and a beta of -0.71.

In related news, insider Martin Milette acquired 30,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of C$3.42 per share, for a total transaction of C$102,600.00. Also, Director Benoit Desormeaux sold 94,923 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of C$3.49, for a total transaction of C$331,281.27.

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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.

Analyst Recommendations for Semafo (TSE:SMF)

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