Time to Buy Semafo Inc. After Today’s Huge Decline?

 Time to Buy Semafo Inc. After Today's Huge Decline?

The stock of Semafo Inc. (TSE:SMF) is a huge mover today! About 487,592 shares traded hands. Semafo Inc. (TSE:SMF) has risen 16.63% since March 31, 2016 and is uptrending. It has outperformed by 15.54% the S&P500.
The move comes after 7 months negative chart setup for the $1.62B company. It was reported on Nov, 4 by Barchart.com. We have $4.92 PT which if reached, will make TSE:SMF worth $97.20M less.

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 $6.13 average target is 17.21% above today’s ($5.23) stock price. Semafo Inc. has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $7.50 target price in Friday, August 12 report. RBC Capital Markets maintained Semafo Inc. (TSE:SMF) on Monday, August 24 with “Sector Perform” rating. Scotia Capital downgraded the shares of SMF in a report on Thursday, September 17 to “Sector Perform” rating. The stock has “Outperform” rating given by Scotia Capital on Tuesday, October 25. The firm has “Hold” rating given on Friday, August 12 by TD Securities.

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 $1.62 billion. The Company’s divisions include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. It has a 33.52 P/E ratio. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations.

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