A Reversal for Semafo Inc. Is Not Near. The Stock Declines Again


The stock of Semafo Inc. (TSE:SMF) is a huge mover today! About 1.92 million shares traded hands or 16.36% up from the average. Semafo Inc. (TSE:SMF) has risen 56.09% since February 5, 2016 and is uptrending. It has outperformed by 39.60% the S&P500.
The move comes after 9 months negative chart setup for the $2.06 billion company. It was reported on Sep, 13 by Barchart.com. We have $5.53 PT which if reached, will make TSE:SMF worth $103.00M less.

Out of 3 analysts covering Semafo (TSE:SMF), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Semafo has been the topic of 12 analyst reports since September 17, 2015 according to StockzIntelligence Inc.

SEMAFO Inc. is a Canada-based mining company. The company has a market cap of $2.06 billion. The Company’s divisions include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. It has a 38.31 P/E ratio. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations.

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