Semafo (TSE:SMF) Sets New 52-Week High at $5.58

Shares of Semafo Inc. (TSE:SMF) hit a new 52-week high on Friday . The company traded as high as C$5.58 and last traded at C$5.57, with a volume of 107416 shares changing hands. The stock had previously closed at C$5.51.

A number of brokerages recently weighed in on SMF. Desjardins raised their price objective on Semafo from C$5.75 to C$6.35 in a research note on Wednesday, July 17th. TD Securities raised their price objective on Semafo from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, May 9th. National Bank Financial downgraded Semafo from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$6.00 to C$6.50 in a research note on Tuesday, July 23rd. Raymond James reissued a “market perform” rating and issued a C$5.00 price objective on shares of Semafo in a research note on Thursday, May 9th. Finally, CIBC raised their target price on Semafo from C$5.00 to C$5.50 in a report on Monday, July 15th.

The firm has a market capitalization of $1.77 billion and a PE ratio of 181.33. The business’s fifty day moving average is C$5.15. The company has a debt-to-equity ratio of 17.83, a quick ratio of 1.02 and a current ratio of 1.67.

Semafo (TSE:SMF) last released its earnings results on Tuesday, May 7th. The mining company reported C$0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.12 by C($0.03). The business had revenue of C$184.20 million during the quarter. Sell-side analysts predict that Semafo Inc. will post 0.35 earnings per share for the current year.

About Semafo (TSE:SMF)

SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the Siou deposit. It also holds a 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.

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