Semafo Inc. (SMF) Price Target Cut to C$7.00 by Analysts at Raymond James Financial Inc.

Semafo Inc. (TSE:SMF) had its price target trimmed by Raymond James Financial Inc. from C$7.25 to C$7.00 in a report issued on Friday morning.

SMF has been the subject of several other reports. TD Securities reiterated a hold rating and set a C$7.50 target price on shares of Semafo in a research note on Thursday, August 11th. Scotiabank reduced their target price on Semafo from C$7.50 to C$7.25 and set an outperform rating for the company in a research note on Thursday, September 15th. Finally, National Bank Financial boosted their price target on Semafo from C$7.50 to C$8.00 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Semafo has an average rating of Buy and an average price target of C$6.05.

Semafo (TSE:SMF) opened at 5.52 on Friday. Semafo has a 52 week low of $2.69 and a 52 week high of $7.46. The firm has a market capitalization of $1.79 billion and a price-to-earnings ratio of 47.59. The company has a 50 day moving average price of $6.08 and a 200-day moving average price of $5.73.

In other Semafo news, Director Gilles Masson sold 20,000 shares of Semafo stock in a transaction on Thursday, July 7th. The stock was sold at an average price of C$6.99, for a total value of C$139,800.00. Also, Director Jean Lamarre sold 50,000 shares of Semafo stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of C$7.20, for a total value of C$360,000.00.

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.

Receive News & Ratings for Semafo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semafo Inc. and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.