Desjardins Weighs in on Semafo Inc.’s FY2017 Earnings (SMF)
Semafo Inc. (TSE:SMF) – Stock analysts at Desjardins issued their FY2017 earnings per share estimates for shares of Semafo in a research report issued on Thursday. Desjardins analyst R. Ray forecasts that the mining company will earn $0.09 per share for the year. Desjardins currently has a “Buy” rating and a $4.75 target price on the stock. Desjardins also issued estimates for Semafo’s FY2018 earnings at $0.32 EPS and FY2020 earnings at $0.74 EPS.
A number of other research analysts also recently issued reports on SMF. Clarus Securities restated an “accumulate” rating on shares of Semafo in a research note on Thursday, August 10th. Scotiabank set a C$5.25 target price on Semafo and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$5.19.
TRADEMARK VIOLATION NOTICE: “Desjardins Weighs in on Semafo Inc.’s FY2017 Earnings (SMF)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/desjardins-weighs-in-on-semafo-inc-s-fy2017-earnings-smf/1605003.html.
Semafo (SMF) opened at 3.37 on Monday. The company has a 50-day moving average of $3.27 and a 200-day moving average of $3.28. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 58.10. Semafo has a 52 week low of $2.68 and a 52 week high of $5.87.
In other 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 cost of C$3.35 per share, for a total transaction 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 purchased at an average price of C$3.33 per share, for a total transaction of C$33,300.00.
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.