Semafo (TSE:SMF) PT Raised to C$6.35 at Desjardins

Semafo (TSE:SMF) had its price target upped by Desjardins from C$5.75 to C$6.35 in a research note published on Wednesday, BayStreet.CA reports. Desjardins also issued estimates for Semafo’s Q2 2019 earnings at $0.12 EPS.

SMF has been the subject of several other reports. National Bank Financial downgraded shares of Detour Gold to a hold rating in a research note on Friday, June 28th. TD Securities downgraded shares of Tricon Capital Group from an action list buy rating to a buy rating and decreased their price objective for the stock from C$14.50 to C$13.50 in a research note on Thursday, May 9th. CIBC reiterated a hold rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, Raymond James restated 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.

SMF opened at C$5.46 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 17.83. Semafo has a 52-week low of C$2.23 and a 52-week high of C$5.57. The stock’s 50 day simple moving average is C$4.93. The stock has a market capitalization of $1.78 billion and a P/E ratio of 182.00.



Semafo (TSE:SMF) last released its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.03). The business had revenue of C$184.20 million for the quarter. As a group, equities research analysts anticipate that Semafo will post 0.33 EPS for the current year.

About Semafo

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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