Shares of Semafo Inc. (TSE:SMF) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$5.66.
A number of equities research analysts have recently issued reports on SMF shares. Scotiabank dropped their price target on Semafo from C$6.50 to C$5.00 in a research report on Tuesday. TD Securities reduced their price objective on Semafo from C$8.00 to C$5.50 and set a “buy” rating on the stock in a research report on Wednesday. Desjardins downgraded Semafo from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Bank of America boosted their price objective on Semafo from C$5.80 to C$6.30 in a research note on Friday, August 16th. 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 report on Tuesday, November 5th.
SMF traded up C$0.05 during trading on Friday, reaching C$2.58. The company’s stock had a trading volume of 701,740 shares, compared to its average volume of 1,036,512. The company has a market cap of $862.89 million and a price-to-earnings ratio of 17.43. The firm has a fifty day simple moving average of C$3.34 and a two-hundred day simple moving average of C$4.42. Semafo has a 1 year low of C$2.37 and a 1 year high of C$5.75. The company has a quick ratio of 0.93, a current ratio of 1.76 and a debt-to-equity ratio of 13.26.
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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