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Raymond James disclosed Semafo Inc. (TSE:SMF), cutting its price target to $7.00 earlier today

Raymond James reduced the target price of Semafo Inc. (TSE:SMF) to $7.00 reporting a possible upside of 0.22%.

On Thursday September 15, 2016, Scotia Capital released a statement for Semafo Inc. (TSE:SMF) dropped the target price from $7.50 to $7.25 that suggested an upside of 0.21%.

Yesterday Semafo Inc. (TSE:SMF) traded -3.23% lower at $5.73. SMF’s 50-day average is $6.20 and its two hundred day average is $5.70. With the last close up -0.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,175,097 shares of SMF traded hands, down from an avg. volume of 1,867,440

Recent Performance Chart

Semafo Inc. (TSE:SMF)

With a total market value of $0, Semafo Inc. has P/E ratio of 49.14 with a 52 week low of $2.69 and a 52 week high of $7.46 .

In addition to Raymond James reporting its target price, a total of 15 equity analysts have released a ratings update on the stock. The consensus target price is $5.72 with 0 firms rating the stock a strong buy, 0 brokerages rating the stock a buy, zero analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.

General Information 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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