Semafo (SMF) Given a C$5.50 Price Target by Scotiabank Analysts

Scotiabank set a C$5.50 price target on Semafo (TSE:SMF) in a research note released on Friday. The brokerage currently has an outperform rating on the mining company’s stock.

Other equities analysts also recently issued research reports about the company. National Bank Financial set a C$6.25 price target on Semafo and gave the stock an outperform rating in a research report on Wednesday, March 14th. Raymond James reissued a market perform rating and set a C$4.50 price target on shares of Semafo in a research report on Tuesday, April 24th. BMO Capital Markets raised their price target on Semafo from C$6.00 to C$6.50 in a research report on Wednesday, March 28th. Desjardins decreased their price objective on Semafo from C$5.50 to C$5.00 in a report on Tuesday, February 20th. Finally, Clarus Securities restated a hold rating on shares of Semafo in a report on Thursday, January 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Semafo has a consensus rating of Buy and a consensus price target of C$5.40.

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Semafo stock opened at C$3.62 on Friday. Semafo has a fifty-two week low of C$2.70 and a fifty-two week high of C$4.14.

In other news, Director Gilles Masson sold 7,794 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of C$3.44, for a total transaction of C$26,811.36. Also, Director Benoit Desormeaux sold 94,923 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of C$3.49, for a total value of C$331,281.27.

Semafo Company Profile

SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.

Analyst Recommendations for Semafo (TSE:SMF)