CIBC Maintains Their Hold Rating on SEMAFO Inc. J (SMF)

SEMAFO Inc. J (SMFResearch Report), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Bryce Adams from CIBC rated SEMAFO Inc. J (SMFResearch Report) a Hold, setting a C$5.50 price target.

According to TipRanks.com, Adams is ranked #3157 out of 5244 analysts.

Currently, the analyst consensus on SEMAFO Inc. J is a Hold with an average price target of C$5.25.

Based on SEMAFO Inc. J’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$23.48 million. In comparison, last year the company had a GAAP net loss of C$13.47 million.

SEMAFO, Inc. engages in the production and exploration of gold in West Africa. It operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou deposit. Its assets also include Boungou, Kongolokoro, Nabanga, and Korhogo projects.

The company’s shares closed on Monday at C$5.20, close to its 52-week high of C$5.45.