Semafo (TSE:SMF) Director Benoit Desormeaux sold 94,923 shares of Semafo stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of C$3.49, for a total transaction of C$331,281.27.
SMF stock remained flat at $C$3.61 during midday trading on Friday. 459,240 shares of the company’s stock were exchanged, compared to its average volume of 1,066,411. Semafo has a 12 month low of C$2.68 and a 12 month high of C$4.25.
A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Semafo from C$6.00 to C$6.50 in a research note on Wednesday, March 28th. Scotiabank set a C$5.50 price target on shares of Semafo and gave the stock an “outperform” rating in a research note on Thursday, March 29th. National Bank Financial reiterated an “outperform market weight” rating on shares of Semafo in a research note on Tuesday, March 13th. Clarus Securities reiterated a “buy” rating on shares of Semafo in a research note on Tuesday, February 20th. Finally, Desjardins decreased their price target on shares of Semafo from C$5.50 to C$5.00 in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$5.38.
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Semafo Company Profile
SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.
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