Scotiabank Thinks SEMAFO Inc. J’s Stock is Going to Recover

By Carrie Williams

In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, SEMAFO Inc. J (TSX: SMF). Scotiabank’s analyst Ovais Habib reiterates their Buy rating on the shares, with a C$5.25 price target.

According to TipRanks.com, Habib is a 4-star analyst with an average return of 11.0% and a 38.7% success rate. Habib covers the Basic Materials sector, focusing on stocks such as Primero Mining Corp, Pretium Resources, and Timmins Gold Corp.

SEMAFO Inc. J has an analyst consensus of Moderate Buy, with a price target consensus of C$5.

SEMAFO Inc. J’s market cap is currently C$951.8M and has a P/E ratio of 54.

SEMAFO, Inc. is a mining company, with gold production and exploration activities in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the high-grade Siou and Fofina satellite deposits. Its projects include Mana, Natougou, Banfora, and Nabanga. The company was founded by M. Benoit La Salle on June 21, 1995 and is headquartered in Saint-Laurent, Canada.

The company’s shares closed last Tuesday at $2.88, close to its 52-week low of $2.68.