Analysts Set Expectations for Semafo Inc.’s Q1 2019 Earnings (SMF)
Semafo Inc. (TSE:SMF) – Equities research analysts at Desjardins lifted their Q1 2019 earnings estimates for shares of Semafo in a research report issued to clients and investors on Friday, April 12th. Desjardins analyst R. Ray now anticipates that the mining company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.09.
SMF has been the subject of several other reports. Raymond James lifted their target price on shares of Semafo from C$4.50 to C$5.00 in a research report on Friday, January 18th. Clarus Securities reiterated a “buy” rating on shares of Semafo in a research report on Wednesday, March 6th.
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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