Semafo (TSE:SMF) had its target price reduced by TD Securities from C$8.00 to C$5.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target indicates a potential upside of 113.59% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Bank of America raised their price target on shares of Semafo from C$5.80 to C$6.30 in a research note on Friday, August 16th. National Bank Financial lowered their price target on shares of Semafo from C$7.50 to C$6.00 in a report on Monday, November 18th. Sprott Securities raised shares of Semafo from a “hold” rating to a “buy” rating and set a C$4.80 price objective for the company in a research report on Tuesday, November 5th. Scotiabank reduced their price objective on shares of Semafo from C$6.50 to C$5.00 in a research note on Tuesday. Finally, Desjardins downgraded shares of Semafo from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$5.74.
Semafo stock traded down C$0.11 during midday trading on Wednesday, reaching C$2.58. 688,051 shares of the company were exchanged, compared to its average volume of 1,036,695. The firm’s 50-day simple moving average is C$3.44 and its 200-day simple moving average is C$4.44. Semafo has a 1 year low of C$2.37 and a 1 year high of C$5.75. The company has a market capitalization of $931.80 million and a price-to-earnings ratio of 17.40. The company has a debt-to-equity ratio of 13.26, a quick ratio of 0.93 and a current ratio of 1.76.
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 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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