Semafo Inc. (TSE:SMF) – Analysts at Dundee Securities issued their Q3 2016 earnings estimates for Semafo in a report released on Monday, Zacks Investment Research reports. Dundee Securities analyst J. Wolfson anticipates that the firm will post earnings of $0.03 per share for the quarter. Dundee Securities currently has a “Buy” rating and a $4.25 price target on the stock. Dundee Securities also issued estimates for Semafo’s Q4 2016 earnings at $0.03 EPS, FY2016 earnings at $0.14 EPS and FY2017 earnings at $0.14 EPS.

A number of other equities analysts have also issued reports on SMF. Morgan Stanley upped their target price on Semafo from C$4.00 to C$4.25 in a research report on Monday, October 26th. BMO Capital Markets cut their target price on Semafo from C$4.25 to C$3.50 in a research report on Wednesday, October 7th. TD Securities upped their price target on Semafo from C$4.75 to C$5.00 and gave the company a “buy” rating in a research report on Monday, November 16th. Scotiabank raised Semafo from a “sector perform” rating to an “outperform” rating and set a C$4.50 price target on the stock in a research report on Thursday, December 17th. Finally, Raymond James upped their price target on Semafo from C$4.00 to C$4.15 and gave the company an “outperform” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$4.35.

Semafo (TSE:SMF) traded down 6.70% during trading on Wednesday, reaching $3.34. 1,105,637 shares of the company were exchanged. Semafo has a 52-week low of $2.46 and a 52-week high of $4.49. The firm’s 50 day moving average is $3.69 and its 200 day moving average is $3.21. The stock has a market capitalization of $982.90 million and a PE ratio of 33.07.

In related news, insider Alain M�Lanson sold 9,475 shares of the company’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of C$3.57, for a total transaction of C$33,825.75. Also, insider Patrick Moryoussef sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of C$3.20, for a total value of C$32,000.00.

SEMAFO Inc. is a Canada-based mining company with gold production and exploration activities in West Africa. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. The company and its subsidiaries operate the Mana Mine in Burkina Faso, which includes the satellite Siou and Fofina deposits. The Company’s Mana property is located in west of Ouagadougou the capital city of Burkina Faso. Permitted property at Mana covers around 2327 square kilometers of land over the prospective Hounde belt. The company’s Banfora Property covers 1,600 square kilometers in 15 permits on the Banfora Gold Belt.

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