Semafo (SMF) PT Set at C$5.50 by Scotiabank

Semafo (TSE:SMF) has been assigned a C$5.50 target price by research analysts at Scotiabank in a research report issued on Friday. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 52.35% from the company’s previous close.

SMF has been the topic of several other research reports. National Bank Financial reissued an “outperform market weight” rating on shares of Semafo in a research report on Tuesday, March 13th. Desjardins dropped their price objective on Semafo from C$5.50 to C$5.00 in a report on Tuesday, February 20th. Clarus Securities restated a “hold” rating on shares of Semafo in a report on Thursday, January 25th. Raymond James restated a “market perform” rating and set a C$4.50 price objective on shares of Semafo in a report on Tuesday, April 24th. Finally, BMO Capital Markets boosted their price objective on Semafo from C$6.00 to C$6.50 in a report on Wednesday, March 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Semafo has an average rating of “Buy” and an average price target of C$5.40.

Shares of TSE SMF traded up C$0.04 during trading hours on Friday, hitting C$3.61. 352,423 shares of the company traded hands, compared to its average volume of 956,223. Semafo has a 12 month low of C$2.70 and a 12 month high of C$4.14.

In other Semafo news, insider Martin Milette acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average price of C$3.42 per share, for a total transaction of C$102,600.00. Also, Director Gilles Masson sold 7,794 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of C$3.44, for a total value of C$26,811.36.

About Semafo

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 satellite deposits of Siou. It also holds 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.

Analyst Recommendations for Semafo (TSE:SMF)

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