FY2017 EPS Estimates for Semafo Inc. Cut by Analyst (SMF)
Semafo Inc. (TSE:SMF) – Clarus Securities lowered their FY2017 earnings per share (EPS) estimates for shares of Semafo in a research report issued on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the brokerage will post earnings per share of $0.21 for the year, down from their previous forecast of $0.24. Clarus Securities also issued estimates for Semafo’s FY2018 earnings at $0.18 EPS.
Other equities research analysts also recently issued research reports about the company. Scotiabank reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Semafo in a report on Tuesday, June 21st. TD Securities reiterated a “hold” rating and issued a C$7.50 price objective on shares of Semafo in a report on Thursday, August 11th. National Bank Financial boosted their price objective on Semafo from C$5.35 to C$5.80 in a report on Friday, May 27th. Finally, Raymond James Financial Inc. boosted their price objective on Semafo from C$6.00 to C$7.25 in a report on Monday, June 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$6.07.
Shares of Semafo (TSE:SMF) traded up 9.31% during midday trading on Monday, reaching $5.99. The company’s stock had a trading volume of 1,658,060 shares. The stock’s 50-day moving average price is $6.32 and its 200-day moving average price is $5.69. The company has a market cap of $1.95 billion and a P/E ratio of 51.64. Semafo has a 12-month low of $2.69 and a 12-month high of $7.46.
In other news, insider Martin Milette sold 100,000 shares of the stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of C$7.18, for a total value of C$718,000.00. Also, Director Lawrence Mcbrearty sold 67,794 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of C$6.79, for a total value of C$460,321.26.
SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.
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