Analysts Set Semafo Inc. (SMF) Target Price at $4.97
Semafo Inc. (TSE:SMF) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$4.97.
Several equities research analysts have recently weighed in on SMF shares. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a research report on Thursday, November 9th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 price target on shares of Semafo in a research report on Wednesday, November 15th.
In other Semafo news, insider Ã‰Ric Paul-Hus purchased 15,000 shares of the stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of C$3.36 per share, with a total value of C$50,400.00.
SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.
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