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A statement released earlier today by Scotia Capital about Semafo Inc. (TSE:SMF) bumps the target price to $5.25

Stating a potential upside of 0.86%, Scotia Capital upped the price target of Semafo Inc. (TSE:SMF) to $5.25

Previously on Wednesday June 21, 2017, Scotia Capital reported on Semafo Inc. (TSE:SMF) increased the target price from $0.00 to $5.25. At the time, this indicated a possible upside of 0.78%.

Yesterday Semafo Inc. (TSE:SMF) traded 4.01% higher at $2.83. The company’s 50-day moving average is $2.99 and its 200-day moving average is $3.59. The last closing price is down -6.16% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 1,343,785 shares of the stock traded hands, down from an average trading volume of 2,105,660

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Semafo Inc. (TSE:SMF)

Semafo Inc. has a price-earnings ratio of 70.21 with a one year low of $2.68 and a one year high of $6.79 SMF’s total market value is presently $0.

A total of 15 firms have reported on the stock. 3 firms rating the stock a strong buy, 8 firms rating the stock a buy, 3 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $4.85.

About Semafo Inc. (TSE:SMF)

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. Its subsidiaries include SEMAFO Burkina Faso S.A., Mana Mineral S.A., SEMAFO (Barbados) Ltd, Orbis Gold PTY LTD and Birimian Resources S.A.R.L.

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