Research analysts at RBC Capital lifted their target price on shares of Semafo (TSE:SMF) from C$2.80 to C$3.70 in a report released on Monday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 57.45% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Semafo (TSE:SMF) from C$2.50 to C$3.00 in a research note to investors on Friday. Separately, analysts at National Bank Financial raised their price target on shares of Semafo (TSE:SMF) from C$2.50 to C$3.30 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Semafo (TSE:SMF) from C$2.50 to C$2.75 in a research note to investors on Friday.
Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$3.09.
Shares of Semafo (TSE:SMF) traded down 0.85% on Monday, hitting $2.33. The stock had a trading volume of 822,605 shares. Semafo has a 52-week low of $1.23 and a 52-week high of $4.64. The stock’s 50-day moving average is $2.13 and its 200-day moving average is $2.00. The company’s market cap is $636.7 million.
SEMAFO Inc (TSE:SMF) is a Canada-based mining company with gold production and exploration activities in West Africa.