Is Semafo Inc. a Buy? The Stock Rises Again

 Is Semafo Inc. a Buy? The Stock Rises Again

The stock of Semafo Inc. (TSE:SMF) is a huge mover today! About 301,585 shares traded hands. Semafo Inc. (TSE:SMF) has declined 14.60% since April 22, 2016 and is downtrending. It has underperformed by 20.61% the S&P500.
The move comes after 8 months positive chart setup for the $1.26 billion company. It was reported on Nov, 28 by Barchart.com. We have $4.37 PT which if reached, will make TSE:SMF worth $113.40M 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 52.87% above today’s ($4.01) stock price. Semafo Inc. has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Scotia Capital given on Tuesday, October 25. The rating was downgraded by Scotia Capital on Thursday, September 17 to “Sector Perform”. On Monday, August 24 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Semafo Inc. (TSE:SMF) earned “Outperform” rating by Scotia Capital on Friday, August 12. TD Securities maintained the stock with “Hold” rating in Friday, August 12 report.

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 $1.26 billion. The Company’s divisions include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. It has a 23.28 P/E ratio. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations.

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