Semafo Inc. (SMF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Semafo Inc. (TSE:SMF) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$5.09.

SMF has been the topic of a number of recent research reports. Scotiabank set a C$5.25 price objective on Semafo and gave the company an “outperform” rating in a report on Thursday, August 10th. Clarus Securities restated an “accumulate” rating on shares of Semafo in a research report on Thursday, August 10th. Finally, CSFB upgraded shares of Semafo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 9th.

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Shares of Semafo (TSE:SMF) traded up 0.60% on Tuesday, reaching $3.36. The company had a trading volume of 644,579 shares. The firm has a market capitalization of $1.09 billion and a PE ratio of 57.93. The company has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.36. Semafo has a 52-week low of $2.68 and a 52-week high of $6.45.

About Semafo

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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