Semafo Inc. (TSE:SMF)’s share price traded up 0% on Wednesday . The company traded as high as C$3.14 and last traded at C$3.12. 992,291 shares traded hands during trading, a decline of 43% from the average session volume of 1,742,709 shares. The stock had previously closed at C$3.12.
A number of equities analysts have recently weighed in on the stock. Clarus Securities reaffirmed an “accumulate” rating on shares of Semafo in a research note on Thursday, August 10th. Desjardins reissued a “buy” rating and issued a C$4.75 price objective on shares of Semafo in a research note on Friday, September 29th. Scotiabank reissued an “outperform” rating and issued a C$5.25 price objective on shares of Semafo in a research note on Wednesday, November 15th. Finally, CSFB raised shares of Semafo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$5.19.
In other Semafo news, Director Benoit Desormeaux purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average price of C$3.33 per share, for a total transaction of C$33,300.00. Also, insider Ã‰Ric Paul-Hus purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of C$3.36 per share, for a total transaction of C$50,400.00. Insiders purchased 54,900 shares of company stock worth $183,865 in the last 90 days.
Semafo Company Profile
SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.
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