Semafo Inc. (TSE:SMF) had its target price cut by research analysts at Scotiabank from C$7.50 to C$7.25 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price would suggest a potential upside of 32.54% from the stock’s current price.

Several other equities research analysts also recently commented on SMF. National Bank Financial raised their target price on Semafo from C$7.50 to C$8.00 in a report on Wednesday, July 13th. TD Securities reiterated a “hold” rating and set a C$7.50 target price on shares of Semafo in a report on Thursday, August 11th. Finally, Raymond James Financial Inc. raised their target price on Semafo from C$6.00 to C$7.25 in a report on Monday, June 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Semafo presently has an average rating of “Buy” and a consensus price target of C$6.07.

Shares of Semafo (TSE:SMF) opened at 5.47 on Thursday. Semafo has a 52 week low of $2.69 and a 52 week high of $7.46. The stock has a market cap of $1.78 billion and a PE ratio of 47.16. The firm has a 50-day moving average price of $6.39 and a 200-day moving average price of $5.66.

In other news, Director Lawrence Mcbrearty sold 67,794 shares of Semafo stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of C$6.79, for a total value of C$460,321.26. Also, Director Gilles Masson sold 20,000 shares of Semafo stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of C$6.99, for a total value of C$139,800.00.

About Semafo

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.

Receive News & Ratings for Semafo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semafo Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.