Semafo Inc. (TSE:SMF) – Analysts at Raymond James lowered their FY2020 EPS estimates for Semafo in a note issued to investors on Wednesday, December 4th. Raymond James analyst T. Hassan now anticipates that the mining company will earn $0.23 per share for the year, down from their prior estimate of $0.50. Raymond James currently has a “Market Perform” rating and a $6.50 price target on the stock.
Other research analysts have also recently issued research reports about the company. TD Securities decreased their price target on Semafo from C$8.00 to C$5.50 and set a “buy” rating for the company in a research note on Wednesday. Desjardins cut shares of Semafo from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. National Bank Financial reduced their price objective on shares of Semafo from C$7.50 to C$6.00 in a report on Monday, November 18th. Scotiabank decreased their target price on shares of Semafo from C$6.50 to C$5.00 in a research report on Tuesday, December 3rd. Finally, Bank of America raised their target price on shares of Semafo from C$5.80 to C$6.30 in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$5.74.
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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