Equities Analysts Increase Earnings Estimates for Semafo Inc. (SMF)

Equities Analysts Increase Earnings Estimates for Semafo Inc. (SMF)

Semafo Inc. (TSE:SMF) – Investment analysts at National Bank Financial raised their FY2019 EPS estimates for Semafo in a research note issued to investors on Monday, May 20th. National Bank Financial analyst D. Demarco now forecasts that the mining company will earn $0.46 per share for the year, up from their prior estimate of $0.43. National Bank Financial has a “Outperform” rating and a $5.50 price target on the stock.

SMF has been the subject of a number of other reports. Raymond James reiterated a “market perform” rating and issued a C$5.00 price objective on shares of Semafo in a report on Monday, February 11th. Clarus Securities reiterated a “buy” rating on shares of Semafo in a report on Wednesday, March 6th. Finally, TD Securities upped their price objective on shares of Semafo from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Thursday, May 9th.

Shares of TSE:SMF opened at C$3.80 on Wednesday. The firm has a market capitalization of $1.27 billion and a P/E ratio of 126.67. Semafo has a 1 year low of C$2.23 and a 1 year high of C$4.00. The company has a debt-to-equity ratio of 17.83, a current ratio of 1.67 and a quick ratio of 1.02.
Semafo (TSE:SMF) last issued its quarterly earnings data on Tuesday, March 5th. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.05). The company had revenue of C$151.60 million for the quarter.

Semafo Company Profile

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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