Semafo Inc. (TSE:SMF) – Analysts at National Bank Financial raised their FY2019 earnings estimates for Semafo in a research report issued on Sunday, February 10th. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.42 for the year, up from their prior forecast of $0.39. National Bank Financial also issued estimates for Semafo’s FY2020 earnings at $0.37 EPS.
Separately, Raymond James lifted their price target on Semafo from C$4.50 to C$5.00 in a report on Friday, January 18th.
SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.
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