Semafo Inc. (TSE:SMF) – Research analysts at Desjardins increased their FY2019 earnings estimates for Semafo in a research report issued to clients and investors on Wednesday. Desjardins analyst R. Ray now anticipates that the mining company will post earnings of $0.42 per share for the year, up from their prior estimate of $0.41. Desjardins also issued estimates for Semafo’s FY2020 earnings at $0.31 EPS.
SMF has been the topic of several other research reports. Clarus Securities reissued a “hold” rating on shares of Semafo in a research note on Thursday, January 25th. Scotiabank reissued an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a research note on Wednesday, November 15th. Finally, National Bank Financial set a C$6.25 target price on Semafo and gave the company an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Semafo has an average rating of “Buy” and an average target price of C$5.19.
Semafo (TSE SMF) traded up C$0.02 during trading hours on Monday, reaching C$3.49. The company’s stock had a trading volume of 873,234 shares, compared to its average volume of 1,076,712. Semafo has a 1 year low of C$2.68 and a 1 year high of C$4.50. The firm has a market capitalization of $1,150.00, a price-to-earnings ratio of 43.63 and a beta of -0.71.
In other Semafo news, insider Martin Milette purchased 30,000 shares of the stock in a transaction on Thursday, March 8th. The stock was bought at an average cost of C$3.42 per share, for a total transaction of C$102,600.00.
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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.
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