Semafo Inc. (TSE:SMF) – Investment analysts at Desjardins decreased their FY2017 earnings estimates for Semafo in a report issued on Wednesday. Desjardins analyst R. Ray now expects that the mining company will earn $0.11 per share for the year, down from their prior estimate of $0.13. Desjardins currently has a “Buy” rating and a $4.75 price target on the stock. Desjardins also issued estimates for Semafo’s FY2019 earnings at $0.74 EPS.
Several other research analysts have also weighed in on SMF. Clarus Securities reiterated an “accumulate” rating on shares of Semafo in a report on Thursday, August 10th. CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Finally, Scotiabank set a C$5.25 target price on Semafo and gave the stock an “outperform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$5.19.
Semafo (TSE SMF) opened at C$3.26 on Monday. Semafo has a 12-month low of C$2.68 and a 12-month high of C$5.24.
In other news, Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$3.36, for a total value of C$194,759.04. Also, Director Benoit Desormeaux purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of C$3.33 per share, for a total transaction of C$33,300.00.
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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