Analysts Issue Forecasts for Semafo Inc.’s FY2018 Earnings (SMF)
Semafo Inc. (TSE:SMF) – Research analysts at Desjardins reduced their FY2018 earnings estimates for shares of Semafo in a research note issued to investors on Wednesday. Desjardins analyst R. Ray now expects that the mining company will post earnings per share of $0.29 for the year, down from their prior forecast of $0.30. Desjardins has a “Buy” rating and a $4.75 price target on the stock. Desjardins also issued estimates for Semafo’s FY2020 earnings at $0.78 EPS.
A number of other equities research analysts also recently weighed in on SMF. Clarus Securities reaffirmed an “accumulate” rating on shares of Semafo in a research note on Thursday, August 10th. Scotiabank set a C$5.25 price target on Semafo and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, CSFB raised Semafo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$5.19.
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Shares of Semafo (SMF) opened at C$3.36 on Friday. Semafo has a one year low of C$2.68 and a one year high of C$5.24.
In other Semafo news, insider Martin Milette bought 29,900 shares of the stock in a transaction on Thursday, September 28th. The shares were purchased at an average price of C$3.35 per share, with a total value of C$100,165.00. Also, Director Benoit Desormeaux bought 10,000 shares of the stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of C$3.33 per share, for a total transaction of C$33,300.00.
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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