Semafo (TSE:SMF) had its price target boosted by National Bank Financial from C$5.50 to C$6.00 in a research note released on Friday, June 28th, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.
A number of other research analysts also recently commented on the company. TD Securities downgraded Tricon Capital Group from an action list buy rating to a buy rating and dropped their price objective for the company from C$14.50 to C$13.50 in a report on Thursday, May 9th. Clarus Securities reiterated a buy rating on shares of Semafo in a report on Wednesday, March 6th. Finally, Raymond James reiterated an average rating and issued a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a report on Thursday, May 9th.
SMF stock traded up C$0.01 during mid-day trading on Friday, reaching C$5.46. The company had a trading volume of 1,425,500 shares, compared to its average volume of 927,856. The company has a debt-to-equity ratio of 17.83, a current ratio of 1.67 and a quick ratio of 1.02. The company has a market cap of $1.78 billion and a P/E ratio of 182.00. The company has a fifty day moving average of C$4.93. Semafo has a fifty-two week low of C$2.24 and a fifty-two week high of C$5.57.
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 Siou deposit. It also holds a 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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