National Bank Financial set a C$6.25 price objective on Semafo (TSE:SMF) in a report issued on Wednesday, March 14th. The firm currently has an outperform rating on the mining company’s stock. National Bank Financial also issued estimates for Semafo’s Q1 2018 earnings at ($0.01) EPS, FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.44 EPS, FY2020 earnings at $0.41 EPS and FY2021 earnings at $0.22 EPS.
SMF has been the subject of several other research reports. Clarus Securities restated a hold rating on shares of Semafo in a report on Thursday, January 25th. Desjardins cut their target price on Semafo from C$5.50 to C$5.00 in a research report on Tuesday, February 20th. Finally, Scotiabank reissued an outperform rating and set a C$5.25 price target on shares of Semafo in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Semafo presently has an average rating of Buy and a consensus price target of C$5.38.
TSE:SMF remained flat at $C$3.61 during midday trading on Wednesday. The company had a trading volume of 459,240 shares, compared to its average volume of 1,066,411. Semafo has a twelve month low of C$2.68 and a twelve month high of C$4.25.
In other news, insider Martin Milette purchased 30,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was purchased at an average price of C$3.42 per share, with a total value of C$102,600.00. Also, Director Gilles Masson sold 7,794 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of C$3.44, for a total value of C$26,811.36.
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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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