Semafo (SMF) Trading Up -1.9%

Semafo Inc. (TSE:SMF)’s share price was up 1.9% on Friday . The company traded as high as C$3.74 and last traded at C$3.58. Approximately 959,909 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 882,248 shares. The stock had previously closed at C$3.65.

A number of equities analysts recently weighed in on SMF shares. Desjardins reaffirmed a “buy” rating and issued a C$4.75 target price on shares of Semafo in a research note on Friday, September 29th. Clarus Securities reaffirmed a “hold” rating on shares of Semafo in a research note on Thursday, November 9th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a research note on Wednesday, November 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$5.19.

The stock has a market cap of $1,230.00, a PE ratio of 71.60 and a beta of -1.02.

In other Semafo news, insider ÉRic Paul-Hus purchased 15,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of C$3.36 per share, with a total value of C$50,400.00. Also, Director Tertius Zongo sold 57,964 shares of the business’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.

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About Semafo

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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