Tertius Zongo Sells 57,964 Shares of Semafo Inc. (SMF) Stock

Semafo Inc. (TSE:SMF) Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$3.36, for a total transaction of C$194,759.04.

Semafo Inc. (SMF) traded down C$0.02 on Monday, reaching C$3.36. 753,481 shares of the company were exchanged, compared to its average volume of 1,821,323. Semafo Inc. has a 52-week low of C$2.68 and a 52-week high of C$5.24.

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SMF has been the subject of a number of research reports. CSFB raised shares of Semafo from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 9th. Scotiabank set a C$5.25 target price on shares of Semafo and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Desjardins reissued a “buy” rating and set a C$4.75 target price on shares of Semafo in a research note on Friday, September 29th. Finally, Clarus Securities restated an “accumulate” rating on shares of Semafo in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$5.19.

About Semafo

SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.

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