Semafo Inc. (SMF) Rating Reiterated by Clarus Securities
Semafo Inc. (TSE:SMF)‘s stock had its “hold” rating reissued by Clarus Securities in a research report issued to clients and investors on Thursday.
Several other analysts have also recently issued reports on the company. Desjardins restated a “buy” rating and issued a C$4.75 target price on shares of Semafo in a report on Friday, September 29th. Scotiabank set a C$5.25 target price on Semafo and gave the company an “outperform” rating in a report on Thursday, August 10th. Finally, CSFB upgraded Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Semafo has an average rating of “Buy” and an average price target of C$5.19.
Shares of Semafo (TSE:SMF) opened at C$3.36 on Thursday. Semafo has a twelve month low of C$2.68 and a twelve month high of C$5.24.
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In other Semafo news, insider Martin Milette purchased 29,900 shares of the stock in a transaction dated Thursday, September 28th. The stock was acquired at an average cost of C$3.35 per share, for a total transaction of C$100,165.00. Also, Director Benoit Desormeaux purchased 10,000 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of C$3.33 per share, with a total value 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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