TD Securities Lowers Semafo (TSE:SMF) to Tender

TD Securities downgraded shares of Semafo (TSE:SMF) from a buy rating to a tender rating in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have C$2.85 price objective on the mining company’s stock, down from their prior price objective of C$5.50.

Several other brokerages have also weighed in on SMF. Scotiabank decreased their target price on shares of Semafo from C$6.50 to C$5.00 in a research report on Tuesday, December 3rd. National Bank Financial set a C$4.50 target price on shares of Semafo and gave the company an outperform rating in a research report on Monday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of C$5.23.

Shares of Semafo stock opened at C$3.15 on Tuesday. The company has a debt-to-equity ratio of 10.33, a quick ratio of 1.00 and a current ratio of 1.72. The firm’s 50-day simple moving average is C$2.84 and its 200-day simple moving average is C$3.22. Semafo has a twelve month low of C$1.57 and a twelve month high of C$5.75. The firm has a market cap of $1.13 billion and a P/E ratio of 21.00.

Semafo (TSE:SMF) last issued its earnings results on Tuesday, March 3rd. The mining company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.06). The firm had revenue of C$134.53 million for the quarter. On average, equities analysts forecast that Semafo will post 0.4 earnings per share for the current fiscal year.

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 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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