Semafo Inc. (TSE:SMF)’s share price dropped 5% during trading on Thursday . The stock traded as low as C$3.35 and last traded at C$3.54. Approximately 1,323,287 shares traded hands during trading, a decline of 23% from the average daily volume of 1,717,876 shares. The stock had previously closed at C$3.37.

SMF has been the subject of several recent research reports. Desjardins restated a “buy” rating and set a C$4.75 price target on shares of Semafo in a research report on Friday, September 29th. Clarus Securities restated a “hold” rating on shares of Semafo in a research report on Thursday, November 9th. Finally, Scotiabank restated an “outperform” rating and set a C$5.25 price target on shares of Semafo in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$5.19.

The firm has a market cap of $1,120.00, a price-to-earnings ratio of 71.80 and a beta of -1.02.

In related news, Director Benoit Desormeaux acquired 10,000 shares of Semafo stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of C$3.33 per share, with a total value of C$33,300.00. Also, Director Tertius Zongo sold 57,964 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$3.36, for a total transaction of C$194,759.04. Insiders purchased 54,900 shares of company stock valued at $183,865 in the last ninety days.

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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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