Semafo Inc. (TSE:SMF) insider Martin Milette bought 29,900 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average price of C$3.35 per share, for a total transaction of C$100,165.00.

Shares of Semafo Inc. (TSE:SMF) traded down 0.30% during trading on Monday, hitting $3.29. 64,991 shares of the stock traded hands. Semafo Inc. has a 52-week low of $2.68 and a 52-week high of $5.87. The firm has a market cap of $1.07 billion and a PE ratio of 56.72. The company’s 50 day moving average is $3.27 and its 200 day moving average is $3.32.

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A number of analysts have recently issued reports on SMF shares. Scotiabank set a C$5.25 price target on shares of Semafo and gave the stock an “outperform” rating in a report on Thursday, August 10th. Desjardins reiterated a “buy” rating and issued a C$4.75 price objective on shares of Semafo in a report on Friday. Clarus Securities reiterated an “accumulate” rating on shares of Semafo in a report on Thursday, August 10th. Finally, CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a research report 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 a consensus price target of C$5.19.

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.

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