Insider Buying: Semafo Inc. (SMF) Insider Purchases C$50,400.00 in Stock

Semafo Inc. (TSE:SMF) insider ÉRic Paul-Hus bought 15,000 shares of Semafo stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of C$3.36 per share, for a total transaction of C$50,400.00.

Shares of Semafo Inc. (SMF) traded up C$0.04 on Thursday, reaching C$3.37. The company’s stock had a trading volume of 328,185 shares, compared to its average volume of 1,787,193. Semafo Inc. has a 12-month low of C$2.68 and a 12-month high of C$5.24.

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Several brokerages recently commented on SMF. Clarus Securities reiterated an “accumulate” rating on shares of Semafo in a report on Thursday, August 10th. Desjardins reiterated a “buy” rating and issued a C$4.75 target price on shares of Semafo in a report on Friday, September 29th. Scotiabank reiterated an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a report on Wednesday, November 15th. Finally, CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$5.19.

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.

Insider Buying and Selling by Quarter for Semafo (TSE:SMF)

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