Semafo Inc. (SMF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Semafo Inc. (TSE:SMF) have earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Three 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 brokerages that have issued ratings on the stock in the last year is C$5.04.

Several analysts have commented on the stock. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a research report on Thursday, November 9th. Desjardins reaffirmed a “buy” rating and issued a C$4.75 price objective on shares of Semafo in a research report on Friday, September 29th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 price objective on shares of Semafo in a research report on Wednesday, November 15th.

Semafo (TSE SMF) traded down C$0.08 during trading on Thursday, reaching C$3.46. 1,344,113 shares of the company traded hands, compared to its average volume of 1,716,357. Semafo has a 1-year low of C$2.68 and a 1-year high of C$5.24.

In other news, insider ÉRic Paul-Hus acquired 15,000 shares of Semafo stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of C$3.36 per share, with a total value of C$50,400.00. Also, Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of C$3.36, for a total transaction of C$194,759.04. In the last three months, insiders bought 54,900 shares of company stock worth $183,865.

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Semafo Company Profile

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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