Semafo Inc. (SMF) Given Consensus Rating of “Buy” by Analysts

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Semafo Inc. (TSE:SMF) has been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$5.40.

SMF has been the subject of a number of research reports. Clarus Securities reiterated a “buy” rating on shares of Semafo in a report on Tuesday, February 20th. BMO Capital Markets increased their price objective on Semafo from C$6.00 to C$6.50 in a report on Wednesday, March 28th. Scotiabank reiterated an “outperform” rating and set a C$5.50 price objective on shares of Semafo in a report on Friday, March 23rd. Desjardins decreased their price objective on Semafo from C$5.50 to C$5.00 in a report on Tuesday, February 20th. Finally, Raymond James reiterated a “market perform” rating and set a C$4.50 price objective on shares of Semafo in a report on Tuesday, April 24th.

In related news, Director Gilles Masson sold 7,794 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of C$3.44, for a total transaction of C$26,811.36.

Shares of Semafo traded up C$0.01, hitting C$3.77, during trading hours on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 319,194 shares, compared to its average volume of 917,928. Semafo has a 12 month low of C$2.70 and a 12 month high of C$4.14.

Semafo (TSE:SMF) last announced its quarterly earnings results on Tuesday, May 8th. The mining company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Semafo had a return on equity of 6.80% and a net margin of 19.77%. The business had revenue of C$79.26 million during the quarter.

Semafo Company Profile

SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.

Analyst Recommendations for Semafo (TSE:SMF)

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