Today, an analyst has provided a rating update for the Materials sector company, SEMAFO Inc. J (SMF). Raymond James’ analyst Tara Hassan reiterates their Hold rating on the shares, with a C$5 price target.
According to TipRanks.com, Hassan is a 4-star analyst with an average return of 5.5% and a 60.7% success rate. Hassan covers the Basic Materials sector, focusing on stocks such as MAG Silver Corp, Alamos Gold Inc, and Alio Gold Inc.
SEMAFO Inc. J has an analyst consensus of Moderate Buy, with a price target consensus of C$5.38.
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$5.96 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 Thursday at C$3.85, close to its 52-week high of C$4.00.
