Q1 2018 Earnings Estimate for Semafo (SMF) Issued By National Bank Financial

Semafo (TSE:SMF) – Equities research analysts at National Bank Financial boosted their Q1 2018 earnings per share (EPS) estimates for Semafo in a report issued on Monday, April 9th. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Semafo’s FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.47 EPS.

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Other analysts have also issued reports about the company. BMO Capital Markets lifted their target price on Semafo from C$6.00 to C$6.50 in a research report on Wednesday, March 28th. Desjardins dropped their target price on Semafo from C$5.50 to C$5.00 in a research report on Tuesday, February 20th. Clarus Securities reaffirmed a “buy” rating on shares of Semafo in a research report on Tuesday, February 20th. Finally, Scotiabank set a C$5.50 target price on Semafo and gave the stock an “outperform” rating in a research report on Thursday, March 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Semafo has a consensus rating of “Buy” and an average target price of C$5.38.

Shares of TSE SMF opened at C$3.79 on Wednesday. Semafo has a 1 year low of C$2.68 and a 1 year high of C$4.22.

In related news, Director Gilles Masson sold 7,794 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of C$3.44, for a total value of C$26,811.36. Also, Director Benoit Desormeaux sold 94,923 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of C$3.49, for a total value of C$331,281.27.

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About Semafo

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.

Earnings History and Estimates for Semafo (TSE:SMF)

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