Semafo Inc. (TSE:SMF) rose 1.9% during trading on Friday . The company traded as high as C$3.74 and last traded at C$3.58. Approximately 959,909 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 882,248 shares. The stock had previously closed at C$3.65.
SMF has been the topic of a number of research reports. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a report on Thursday, November 9th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 price target on shares of Semafo in a report on Wednesday, November 15th. Finally, Desjardins reaffirmed a “buy” rating and issued a C$4.75 price target on shares of Semafo in a report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$5.19.
The stock has a market capitalization of $1,220.00, a price-to-earnings ratio of 74.80 and a beta of -1.02.
In other Semafo news, Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of C$3.36, for a total transaction of C$194,759.04. Also, insider Ã‰Ric Paul-Hus bought 15,000 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of C$3.36 per share, for a total transaction of C$50,400.00.
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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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