Semafo Inc. (SMF) Expected to Post Q3 2016 Earnings of $0.05 Per Share

Semafo Inc. (TSE:SMF) – Stock analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Semafo in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Ray expects that the brokerage will post earnings of $0.05 per share for the quarter. National Bank Financial also issued estimates for Semafo’s FY2016 earnings at $0.19 EPS and FY2017 earnings at $0.23 EPS.

Earnings History and Estimates for Semafo (TSE:SMF)

A number of other brokerages also recently issued reports on SMF. Raymond James Financial Inc. increased their price target on Semafo from C$6.00 to C$7.25 in a research report on Monday, June 27th. TD Securities raised their target price on Semafo from C$7.00 to C$7.50 and gave the company a “hold” rating in a report on Wednesday, June 29th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$6.00 target price on shares of Semafo in a report on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$6.05.

Shares of Semafo (TSE:SMF) traded down 3.28% during midday trading on Friday, hitting $5.02. The company had a trading volume of 762,162 shares. The stock’s 50-day moving average price is $5.63 and its 200-day moving average price is $5.76. Semafo has a one year low of $2.69 and a one year high of $7.46. The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 43.28.

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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