National Bank Sticks to Their Buy Rating for SEMAFO (SEMFF)

In a report released today, Don DeMarco from National Bank maintained a Buy rating on SEMAFO (SEMFFResearch Report), with a price target of C$4.50. The company’s shares closed last Monday at $2.32.

According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 26.8% and a 73.8% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources, Pan American Silver, and Taseko Mines.

Currently, the analyst consensus on SEMAFO is a Moderate Buy with an average price target of $3.41.

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SEMAFO’s market cap is currently $762.5M and has a P/E ratio of 15.38. The company has a Price to Book ratio of 0.97.

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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.