Semafo Inc. (SMF) Receives Average Recommendation of “Buy” from Analysts

Semafo Inc. (TSE:SMF) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$5.04.

Several analysts recently commented on SMF shares. CSFB raised Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Scotiabank set a C$5.25 target price on Semafo and gave the stock an “outperform” rating in a report on Thursday, August 10th. Desjardins reaffirmed a “buy” rating and set a C$4.75 target price on shares of Semafo in a report on Friday, September 29th. Finally, Clarus Securities reaffirmed an “accumulate” rating on shares of Semafo in a report on Thursday, August 10th.

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In other Semafo news, insider Martin Milette purchased 29,900 shares of the stock in a transaction on Thursday, September 28th. The shares were bought at an average price of C$3.35 per share, for a total transaction of C$100,165.00. Also, Director Benoit Desormeaux purchased 10,000 shares of the stock in a transaction on Friday, September 29th. The shares were acquired at an average price of C$3.33 per share, for a total transaction of C$33,300.00.

About Semafo

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.

Analyst Recommendations for Semafo (TSE:SMF)

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