Semafo Inc. Forecasted to Earn FY2019 Earnings of $0.31 Per Share (TSE:SMF)

Semafo Inc. (TSE:SMF) – Equities research analysts at Raymond James issued their FY2019 earnings estimates for Semafo in a research report issued on Monday, April 8th, according to Zacks Investment Research. Raymond James analyst C. Thompson anticipates that the mining company will post earnings of $0.31 per share for the year. Raymond James currently has a “Market Perform” rating and a $5.00 target price on the stock.

A number of other equities research analysts have also weighed in on the company. National Bank Financial lifted their price objective on Semafo from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Clarus Securities reiterated a “buy” rating on shares of Semafo in a research report on Wednesday, March 6th.

Semafo stock traded up C$0.08 during trading hours on Thursday, reaching C$3.52. The company had a trading volume of 718,600 shares, compared to its average volume of 780,722. The company has a debt-to-equity ratio of 19.32, a current ratio of 1.60 and a quick ratio of 0.95. The stock has a market capitalization of $1.17 billion and a P/E ratio of -117.33. Semafo has a 12-month low of C$2.23 and a 12-month high of C$4.04.

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