National Bank Financial Downgrades Semafo (TSE:SMF) to Sector Perform

Semafo (TSE:SMF) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$6.50 price objective on the mining company’s stock, up from their prior price objective of C$6.00. National Bank Financial’s price target indicates a potential upside of 21.50% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Desjardins restated an “average” rating and issued a $54.50 price objective on shares of Kirkland Lake Gold in a report on Wednesday, July 17th. CIBC reiterated a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. TD Securities downgraded shares of Tricon Capital Group from an “action list buy” rating to a “buy” rating and cut their target price for the company from C$14.50 to C$13.50 in a research note on Thursday, May 9th. Finally, Raymond James reiterated an “average” rating and issued a $4.50 target price on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th.

Shares of TSE SMF traded down C$0.08 during mid-day trading on Tuesday, hitting C$5.35. The company had a trading volume of 830,310 shares, compared to its average volume of 935,425. The company has a market cap of $1.77 billion and a P/E ratio of 178.33. The company has a 50-day moving average price of C$5.01. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 17.83. Semafo has a one year low of C$2.23 and a one year high of C$5.57.

Semafo (TSE:SMF) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.12 by C($0.03). The firm had revenue of C$184.20 million during the quarter. On average, sell-side analysts forecast that Semafo will post 0.34 earnings per share for the current year.

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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