Semafo Inc. (TSE:SMF) Director Tertius Zongo sold 57,964 shares of Semafo stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$3.36, for a total value of C$194,759.04.

Shares of Semafo Inc. (SMF) opened at C$3.39 on Tuesday. Semafo Inc. has a 12-month low of C$2.68 and a 12-month high of C$5.24.

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Several brokerages have recently weighed in on SMF. Clarus Securities restated a “hold” rating on shares of Semafo in a report on Thursday, November 9th. Desjardins restated a “buy” rating and set a C$4.75 target price on shares of Semafo in a report on Friday, September 29th. Scotiabank set a C$5.25 price target on shares of Semafo and gave the company an “outperform” rating in a research report on Thursday, August 10th. Finally, CSFB raised shares of Semafo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Semafo has an average 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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