Clarus Securities Reaffirms “Accumulate” Rating for Semafo Inc. (TSE:SMF)

Clarus Securities restated their accumulate rating on shares of Semafo Inc. (TSE:SMF) in a research report sent to investors on Thursday.

A number of other research analysts also recently issued reports on the company. CIBC downgraded Semafo from an outperform rating to a neutral rating and decreased their price target for the company from C$6.00 to C$4.50 in a report on Tuesday, April 25th. Scotiabank set a C$5.25 price target on Semafo and gave the company an outperform rating in a report on Thursday, May 4th. TD Securities reissued a buy rating and issued a C$5.50 price target on shares of Semafo in a report on Thursday, May 4th. Royal Bank Of Canada decreased their price target on Semafo from C$6.00 to C$5.00 and set a sector perform rating for the company in a report on Tuesday, April 25th. Finally, Raymond James Financial, Inc. decreased their price target on Semafo from C$5.50 to C$4.80 and set an outperform rating for the company in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Semafo has a consensus rating of Buy and a consensus price target of C$5.26.

Shares of Semafo (SMF) opened at 3.37 on Thursday. The company has a 50-day moving average of $2.99 and a 200 day moving average of $3.59. Semafo has a 12-month low of $2.68 and a 12-month high of $6.79. The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 70.21.

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In related news, Director Benoit Desormeaux purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of C$2.94 per share, with a total value of C$29,400.00.

Semafo Company Profile

SEMAFO Inc, a mining company, engages in the exploration and production of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou and Fofina. It also engages in the construction of the Natougou 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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