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

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

The stock of Semafo Inc. (TSE:SMF) is a huge mover today! About 404,000 shares traded hands. Semafo Inc. (TSE:SMF) has risen 10.21% since April 1, 2016 and is uptrending. It has outperformed by 8.25% the S&P500.
The move comes after 6 months positive chart setup for the $1.58 billion company. It was reported on Nov, 8 by Barchart.com. We have $7.58 PT which if reached, will make TSE:SMF worth $774.20 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 $6.13 average target is 20.43% above today’s ($5.09) stock price. Semafo Inc. has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Scotia Capital to “Sector Perform” on Thursday, September 17. The stock has “Outperform” rating given by Scotia Capital on Friday, August 12. TD Securities maintained the shares of SMF in a report on Friday, August 12 with “Hold” rating. The stock of Semafo Inc. (TSE:SMF) has “Outperform” rating given on Tuesday, October 25 by Scotia Capital. RBC Capital Markets maintained Semafo Inc. (TSE:SMF) on Monday, August 24 with “Sector Perform” rating.

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 $1.58 billion. The Company’s divisions include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. It has a 32.63 P/E ratio. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations.

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