Semafo Inc. (TSE:SMF) Receives C$6.10 Average Price Target from Analysts
Semafo Inc. (TSE:SMF) has been given an average rating of “Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$6.18.
SMF has been the subject of several recent analyst reports. Desjardins cut Semafo from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Raymond James restated a “market perform” rating and set a C$6.50 target price on shares of Semafo in a research note on Wednesday. Bank of America boosted their target price on Semafo from C$5.80 to C$6.30 in a research note on Friday, August 16th. National Bank Financial upgraded Semafo from a “sector perform” rating to an “outperform” rating and set a C$7.50 target price for the company in a research note on Wednesday. Finally, Sprott Securities upgraded Semafo from a “hold” rating to a “buy” rating and set a C$4.80 target price for the company in a research note on Tuesday, November 5th.
SMF stock traded down C$0.16 during trading on Tuesday, hitting C$3.16. 2,382,400 shares of the company’s stock were exchanged, compared to its average volume of 1,009,088. The business has a 50-day moving average price of C$4.23 and a two-hundred day moving average price of C$4.54. The stock has a market capitalization of $1.11 billion and a price-to-earnings ratio of 26.33. Semafo has a 52-week low of C$2.23 and a 52-week high of C$5.75. The company has a current ratio of 1.71, a quick ratio of 1.08 and a debt-to-equity ratio of 14.99.
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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