Semafo (SMF) Given New C$4.00 Price Target at CIBC

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Semafo (TSE:SMF) had its price target decreased by CIBC from C$4.25 to C$4.00 in a report published on Thursday.

Several other brokerages have also issued reports on SMF. National Bank Financial decreased their price target on shares of Semafo from C$6.00 to C$5.50 and set an outperform rating for the company in a research note on Wednesday, May 9th. Scotiabank restated an outperform rating and set a C$5.50 price target on shares of Semafo in a research note on Wednesday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$5.17.

Shares of SMF stock opened at C$3.08 on Thursday. Semafo has a 12-month low of C$2.73 and a 12-month high of C$4.14.

Semafo (TSE:SMF) last issued its quarterly earnings results on Tuesday, August 7th. The mining company reported C($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.01). Semafo had a return on equity of 6.80% and a net margin of 19.77%. The company had revenue of C$75.51 million for the quarter.

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.

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Analyst Recommendations for Semafo (TSE:SMF)

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