Semafo Inc. (TSE:SMF) had its price target decreased by Scotiabank from C$7.50 to C$7.25 in a research report released on Thursday morning. Scotiabank currently has an outperform rating on the mining company’s stock.
Other research analysts also recently issued reports about the company. National Bank Financial upped their price target on Semafo from C$7.50 to C$8.00 in a research note on Wednesday, July 13th. TD Securities reaffirmed a hold rating and set a C$7.50 price target on shares of Semafo in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. upped their price target on Semafo from C$6.00 to C$7.25 in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$6.07.
Shares of Semafo (TSE:SMF) opened at 5.48 on Thursday. Semafo has a 52-week low of $2.69 and a 52-week high of $7.46. The firm has a market capitalization of $1.78 billion and a PE ratio of 47.24. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $5.69.
In other news, Director Gilles Masson sold 20,000 shares of the company’s stock in a transaction that occurred 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 the company’s stock in a transaction that occurred 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.
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.
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 MarketBeat.com's FREE daily email newsletter.