Semafo (TSE:SMF) Share Price Passes Above 200 Day Moving Average of $4.52

Semafo Inc. (TSE:SMF)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.52 and traded as high as $4.24. Semafo shares last traded at $4.12, with a volume of 289,538 shares.

SMF has been the subject of a number of analyst reports. National Bank Financial upped their target price on Semafo from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Raymond James reissued a “market perform” rating and issued a C$6.00 target price on shares of Semafo in a research report on Tuesday, August 6th. Bank of America upped their target price on Semafo from C$5.80 to C$6.30 in a research report on Friday, August 16th. CIBC upped their target price on Semafo from C$5.00 to C$5.50 in a research report on Monday, July 15th. Finally, Desjardins downgraded Semafo from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Semafo has an average rating of “Hold” and an average price target of C$6.36.

The company has a current ratio of 1.71, a quick ratio of 1.08 and a debt-to-equity ratio of 14.99. The firm has a 50-day moving average of C$4.58 and a 200-day moving average of C$4.52. The stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 33.83.

Semafo (TSE:SMF) last released its earnings results on Tuesday, August 6th. The mining company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.04). The company had revenue of C$180.57 million during the quarter. On average, equities research analysts anticipate that Semafo Inc. will post 0.39 EPS for the current year.

Semafo Company Profile (TSE:SMF)

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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