Semafo Inc. (TSE:SMF) – Stock analysts at Clarus Securities lowered their FY2017 earnings per share (EPS) estimates for shares of Semafo in a research note issued to investors on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the brokerage will earn $0.21 per share for the year, down from their prior estimate of $0.24. Clarus Securities also issued estimates for Semafo’s FY2018 earnings at $0.18 EPS.

A number of other research firms have also recently issued reports on SMF. Raymond James Financial Inc. upped their price objective on shares of Semafo from C$6.00 to C$7.25 in a research report on Monday, June 27th. TD Securities upped their price objective on shares of Semafo from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research report on Wednesday, June 29th. Scotiabank reiterated an “outperform” rating and set a C$6.00 price objective on shares of Semafo in a research report on Tuesday, June 21st. Finally, National Bank Financial upped their price objective on shares of Semafo from C$7.50 to C$8.00 in a research report on Wednesday, July 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$6.07.

Shares of Semafo (TSE:SMF) traded up 9.31% during trading on Monday, hitting $5.99. 1,658,060 shares of the stock were exchanged. The stock has a market cap of $1.95 billion and a P/E ratio of 51.64. Semafo has a 52 week low of $2.69 and a 52 week high of $7.46. The firm’s 50 day moving average price is $6.32 and its 200-day moving average price is $5.69.

In other news, Director Lawrence Mcbrearty sold 67,794 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of C$6.79, for a total value of C$460,321.26. Also, insider Martin Milette sold 100,000 shares of the company’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of C$7.18, for a total transaction of C$718,000.00.

Semafo Company Profile

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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