Semafo Inc. (TSE:SMF) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$6.18.
Several equities analysts recently weighed in on the stock. Desjardins downgraded shares of Semafo from a “buy” rating to a “hold” rating in a report on Monday, August 26th. CIBC increased their price target on shares of Semafo from C$5.00 to C$5.50 in a report on Monday, July 15th. Bank of America increased their price target on shares of Semafo from C$5.80 to C$6.30 in a report on Friday, August 16th. National Bank Financial upgraded shares of Semafo from a “sector perform” rating to an “outperform” rating and set a C$7.50 price target on the stock in a report on Wednesday. Finally, Raymond James reiterated a “market perform” rating and issued a C$6.50 price target on shares of Semafo in a report on Wednesday.
TSE:SMF traded down C$0.16 during midday trading on Tuesday, hitting C$3.16. The company’s stock had a trading volume of 2,382,400 shares, compared to its average volume of 1,009,088. Semafo has a fifty-two week low of C$2.23 and a fifty-two week high of C$5.75. The firm’s 50 day moving average is C$4.23 and its 200-day moving average is C$4.54. The company has a debt-to-equity ratio of 14.99, a current ratio of 1.71 and a quick ratio of 1.08. The firm has a market cap of $1.11 billion and a P/E ratio of 26.33.
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 Siou deposit. It also holds a 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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