What’s in Semafo Inc. After Today’s Huge Increase?

 What's in Semafo Inc. After Today's Huge Increase?

The stock of Semafo Inc. (TSE:SMF) is a huge mover today! About 194,413 shares traded hands. Semafo Inc. (TSE:SMF) has risen 4.89% since March 11, 2016 and is uptrending. It has underperformed by 0.59% the S&P500.
The move comes after 6 months positive chart setup for the $1.61B company. It was reported on Oct, 18 by Barchart.com. We have $6.87 PT which if reached, will make TSE:SMF worth $611.80 million more.

Semafo Inc. (TSE:SMF) Ratings Coverage

Out of 3 analysts covering Semafo Inc. (TSE:SMF), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $7.50 is the highest target while $4 is the lowest. The $6.16 average target is 23.69% above today’s ($4.98) stock price. Semafo Inc. has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. TD Securities maintained the shares of SMF in a report on Friday, August 12 with “Hold” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, August 24. The company was downgraded on Thursday, September 17 by Scotia Capital. The stock of Semafo Inc. (TSE:SMF) earned “Outperform” rating by Scotia Capital on Friday, August 12.

More news for Semafo Inc. (TSE:SMF) were recently published by: Bloomberg.com, which released: “TSX Movers: Endeavour Silver, SEMAFO Inc, Eldorado Gold” on September 14, 2016. Fool.ca‘s article titled: “Semafo Inc. Finds Mining Success in Africa” and published on February 08, 2016 is yet another important article.

SEMAFO Inc. is a Canada-based mining company. The company has a market cap of $1.61 billion. The Company’s divisions include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. It has a 32.57 P/E ratio. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations.

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