National Bank Financial Brokers Raise Earnings Estimates for Semafo Inc. (SMF)

Semafo Inc. (TSE:SMF) – Investment analysts at National Bank Financial boosted their FY2020 earnings estimates for shares of Semafo in a report released on Tuesday, March 26th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of $0.39 per share for the year, up from their previous forecast of $0.37. National Bank Financial has a “Outperform” rating and a $5.50 price objective on the stock.

A number of other equities research analysts also recently issued reports on SMF. Raymond James increased their price target on shares of Semafo from C$4.50 to C$5.00 in a report on Friday, January 18th. Clarus Securities reissued a “buy” rating on shares of Semafo in a report on Wednesday, March 6th.

Shares of Semafo stock traded down C$0.07 on Friday, reaching C$3.74. The stock had a trading volume of 717,800 shares, compared to its average volume of 817,346. Semafo has a 1 year low of C$2.24 and a 1 year high of C$4.14. The company has a market cap of $1.22 billion and a price-to-earnings ratio of -124.67. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 19.32.

Semafo (TSE:SMF) last announced its quarterly earnings results on Tuesday, March 5th. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.05). The firm had revenue of C$151.60 million for the quarter.

About Semafo

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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Earnings History and Estimates for Semafo (TSE:SMF)

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