Semafo (TSE:SMF) Given New C$5.50 Price Target at TD Securities

Semafo (TSE:SMF) had its price objective decreased by equities researchers at TD Securities from C$8.00 to C$5.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ target price would indicate a potential upside of 113.59% from the stock’s current price.

SMF has been the subject of several other research reports. Raymond James restated a “market perform” rating and issued a C$6.50 price objective on shares of Semafo in a research note on Wednesday, November 6th. Sprott Securities upgraded Semafo from a “hold” rating to a “buy” rating and set a C$4.80 target price on the stock in a research report on Tuesday, November 5th. National Bank Financial cut their target price on Semafo from C$7.50 to C$6.00 in a research report on Monday, November 18th. Scotiabank reduced their target price on Semafo from C$6.50 to C$5.00 in a report on Tuesday. Finally, Desjardins cut Semafo from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$5.74.

Shares of TSE SMF traded down C$0.11 during mid-day trading on Wednesday, reaching C$2.58. The company had a trading volume of 688,051 shares, compared to its average volume of 1,036,695. The firm has a 50 day simple moving average of C$3.44 and a two-hundred day simple moving average of C$4.44. Semafo has a 52-week low of C$2.37 and a 52-week high of C$5.75. The company has a current ratio of 1.76, a quick ratio of 0.93 and a debt-to-equity ratio of 13.26. The stock has a market cap of $931.80 million and a P/E ratio of 17.40.

Semafo Company Profile

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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