Semafo (TSE:SMF) – National Bank Financial issued their Q1 2018 earnings per share (EPS) estimates for Semafo in a note issued to investors on Tuesday, March 13th, according to Zacks Investment Research. National Bank Financial analyst D. Demarco forecasts that the mining company will post earnings of ($0.01) per share for the quarter. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Semafo’s FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.44 EPS and FY2020 earnings at $0.41 EPS.
A number of other equities analysts also recently commented on SMF. BMO Capital Markets raised their target price 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 target price on shares of Semafo and gave the company an “outperform” rating in a research note on Thursday, March 29th. Clarus Securities reissued a “buy” rating on shares of Semafo in a research note on Tuesday, February 20th. Finally, Desjardins cut their target price 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 given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$5.38.
TSE:SMF remained flat at $C$3.61 during trading hours 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.
In related news, Director Gilles Masson sold 7,794 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of C$3.44, for a total transaction of C$26,811.36. Also, insider Martin Milette purchased 30,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of C$3.42 per share, with a total value of C$102,600.00.
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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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