Semafo (TSE:SMF) Price Target Increased to C$6.30 by Analysts at Bank of America

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Semafo (TSE:SMF) had its price target increased by Bank of America from C$5.80 to C$6.30 in a report published on Friday morning, BayStreet.CA reports.

SMF has been the subject of a number of other reports. Desjardins upped their price objective on Semafo from C$5.75 to C$6.35 in a report on Wednesday, July 17th. Raymond James restated a market perform rating and set a C$6.00 price objective on shares of Semafo in a report on Tuesday, August 6th. National Bank Financial downgraded Semafo from an outperform rating to a sector perform rating and upped their price objective for the stock from C$6.00 to C$6.50 in a report on Tuesday, July 23rd. TD Securities upped their price objective on Semafo from C$6.00 to C$6.50 and gave the stock a buy rating in a report on Thursday, May 9th. Finally, CIBC upped their price objective on Semafo from C$5.00 to C$5.50 in a report on Monday, July 15th.

SMF stock opened at C$4.82 on Friday. The company has a market cap of $1.61 billion and a price-to-earnings ratio of 40.17. The company has a quick ratio of 1.08, a current ratio of 1.71 and a debt-to-equity ratio of 14.99. The business has a fifty day simple moving average of C$5.23 and a 200-day simple moving average of C$4.20. Semafo has a 52 week low of C$2.23 and a 52 week high of C$5.75.

Semafo Company Profile

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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